Your firm has estimated the following cash flows for two mutually exclusive capital investment projects. The firm's required rate of return is 10%.

Year	Project A Cash Flow	Project B Cash Flow
0	-$185,000	-$410,000
1	55,000	120,000
2	55,000	120,000
3	55,000	110,000
4	45,000	110,000
5	45,000	90,000
6	45,000	60,000

11. Which of the following statements is true concerning projects A and B?

Group of answer choices

None of these are correct.

Project A has a larger IRR than project B.

Project B has a larger IRR than project A.

Project B is really cool.

Project A has a larger NPV than project B.

12. Your firm has estimated the following cash flows for a capital investment project. The firm's required rate of return is 10%. What is the project's IRR? Cash Flow -$410,000 at time 0 120,000 at year 1 120,000 at year 2 110,000 at year 3 110,000 at year 4 90,000 at year 5 60,000 at year 6

Group of answer choices

15.1%

14.1%

16.7%

6.9%

18.9%