Use the data below to answer the question. Note, each of the projects' inflows are perpetuities or growing perpetuities. Initial First Year Growth Cost of Project Investment Cash Rate Capital NPV Flow $300,000 $63,000 3% 8% $960,000 B $400,000 $80,000 3% 8% $1,200,000 $400,000 $104,000 0% 8% $900,000 D $300,000 $50,000 11% $325,000 3% The incremental IRR of switching from Project A to Project B is closest to: 5% 14% 17% 20% undefined