You are considering the following two projects and can take only one. Your cost of capital is $10\mathrm{.}6\%.$ The cash flows for the two projects are as follows $($ $ million$)$:

a$.$ What is the IRR of each project?

b$.$ What is the NPV of each project at your cost of capital?

c$.$ At what cost of capital are you indifferent between the two projects?

d$.$ What should you do$?$

a$.$ What is the IRR of each project?

The IRR for project A is $\%.($Round to one decimal place.$)$

The IRR for project B is $\%.($Round to one decimal place.$)$

Data table

b$.$ What is the NPV of each project at your cost of capital?

The NPV for project A is $$,$ million. $($Round to two decimal places.$)$

$($Click on the following icon in order to copy its contents into a spreadsheet.$)$

The NPV for project B is $$16\mathrm{.}50$ million. $($Round to two decimal places.$)$

c$.$ At what cost of capital are you indifferent between the two projects?

You will be indifferent if the cost of capital is $\%.($Round to one decimal place.$)$