Your firm is considering the following mutually exclusive projects:

Each project has a discount rate of 16% APR. The IRR for Project A is _______ , and the IRR for Project B is _______ . Therefore, using the IRR decision criteria, your firm should choose Project _______.

Project A $20,000 12,000 8,500 2,900 Year Project B $23,000 13,000 9,500 8,500 0 2