Question 9 4 pts Kenner Company is considering two projects. Project A Project B Initial investment $850,000 $600.000 Annual cash flows $206,742 $150,274 Life of the project 6 years 5 years Depreciation per year $141,670 $4,800 Which of the two projects, A or B, is better in terms of internal rate ofreturn? (Note: Use the table below and round the discount factors to five decimal places.) Present value of an annuity of $1 in arrears: Periods 8% 10% 12% 14% 1 0.92593 0.90909 0.89286 0.87719 2 1.78326 1.73554 1.69005 1.64666 2.57710 2.48685 2.40183 2.32163 4 3.31213 3.16987 3.03735 2.91371 5 3.99271 3.79079 3.60478 3.43308 6 4.62288 4.35526 4.11141 3.88867 LOVI GO NE DO instructure.com 2 1.78326 1.73554 1.69005 1.64666 3 2.57710 2.48685 2.40183 2.32163 4 3.31213 3.16987 3.03735 2.91371 5 3.99271 3.79079 3.60478 3.43308 6 4.62288 4.35526 4.11141 3.88867 7 5.20637 4.86842 4.56376 4.28830 8 on 5.746645.33493 4.96764 4.63886 9 6.24689 5.75902 5.32825 494637 10 6.71008 6.14457 5.65022 5.21612 Project A with an IRR of 12% OO Project B with an IRR of 10% Project A with an IRR of 10% Project B with an IRR of 14% Both projects because they have the same IRR Previous Next- DO