the company choose project A? Project B? At what discount rate would the company be indiffer- ent between these two projects? Explain. x 12. NPV versus IRR [L01, 5] Garage, Inc., has identified the following two mutually exclusive projects: Year Cash Flow (A) -$43,500 21,400 18,500 13,600 7,600 Cash Flow (B) -$43,500 6,400 14,700 22,800 25,200 a. What is the IRR for each of these projects? Using the IRR decision rule, which project should the com- pany accept? Is this decision neces- sarily correct? b. If the required return is 11 per- cent, what is the NPV for each of these projects? Which project will the company choose if it applies the NPV decision rule? c. Over what range of Page 307 discount rates would