You are considering 2 mutually exclusive projects, with the cash flows listed below. Assuming the company's weighted average cost of capital is 12%, calculate the NPV and IRR of the two projects.

1. Which one should you accept?

2. Suppose you are unsure about your WACC calculation - at one discount rate are you indifferent between the two projects? At what discount rates do you prefer project A? Project B?

	Project A	Project B
0	(94,200)	(94,200)
1	25,200	51,600
2	33,600	34,800
3	40,800	27,600
4	49,200	25,200