QUESTION 9 Project Gamma has an initial cost of $482,000 and projected cash flows of $226,000, $288.000, and $185,000 for Years 1 to 3, respectively. Project Sigma has an initial cost of $391,000 and projected cash flows of $182,000, $204.000, and $168,000 for Years 1 3, respectively. What is the incremental IRR of these two mutually exclusive projects? 30.24% 27.61% 24.59% 21.83% 33.12% QUESTION 10 A project costs $53,000 to initiate. It is expected to provide cash flows of $27,000 in Year 1 and $49,000 in Year 2. In Year 3, it will cost the firm $8,000 to end the project. What is the modified IRR at a discount rate of 14 percent? 13.74% 14.36% 15.91% 16.62% 17.48% OOOOO