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Use the following data for the next four questions. Project Year 0 Year l Year 2 -TYear3 Cash Flow Cash Flow Cash Flow Cash Flow

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Use the following data for the next four questions. Project Year 0 Year l Year 2 -TYear3 Cash Flow Cash Flow Cash Flow Cash Flow Cash Flow Rate 10,000 4,000 5,500 3,500 Year4 . Discount|NPV Discount NPV 0.15 1,420 3,5000.15 4,492 4,000 3,500 4,000 3,500 4,000 1 18) If you make the decision to switch from project B and instead invest in project A, the IRR of that decision is closest to: a) 13% b) 15% c) 22% d) 30% e) 52%

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