You are considering two independent projects.

Project A has an initial cost of $$125,000$ and cash inflows of $$46,000,$$$79,000,$ and $$51,000$ for years $1$ to $3,$ respectively.

Project B costs $$135,000$ with expected cash inflows for years $1$ to $3$ of $$50,000,$$$30,000,$ and $$100,000,$ respectively.

The required return for both projects is $16$ percent. What is IRR for project A; IRR for project $B$; Which project should be accepted?

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