What is the IRR of an investment project that requires $13,000 initial cost and could produce $5,000 cash flows for the next 4 years?

A.)19.77%

B.) 16.50%

C.) 10.82%

D.) 12.44%

_______ projects are projects that compete with one another, so the acceptance of one __________ other projects from further consideration.

A.) Mutually exclusive; does not eliminate

B.) Mutually exclusive; eliminates

C.) Independent; eliminates

D.) Independent; does not eliminate