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value: 10.00 points Garage, Inc., has identified the following two mutually exclusive projects Year Cash Flow (A) Cash Flow (B) 28,600 28,600 4,100 14,000 9,600

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value: 10.00 points Garage, Inc., has identified the following two mutually exclusive projects Year Cash Flow (A) Cash Flow (B) 28,600 28,600 4,100 14,000 9,600 11,900 9,000 14,800 4,900 16,400 a-1 What is the IRR for each of these projects? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) IRR Project A Project B a-2 Using the IRR decision rule, which project should the company accept? Project A Project B a-3 Is this decision necessarily correct? Yes No

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