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Use the table for the question(s) below. Consider the following two projects with cash flows in $: Year o Year 1 Year 2 Year 3

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Use the table for the question(s) below. Consider the following two projects with cash flows in $: Year o Year 1 Year 2 Year 3 Year 4 Project Cash Flow Cash Flow Cash Flow Cash Flow Cash Flow A -100 40 50 60 N/A B -73 30 30 30 30 Discount Rate .15 .15 An incremental IRR of Project B over Project A is closest to: O 12.696. 23.396. 17.396. 1.7%

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