You are analyzing the following two mutually exclusive projects and have developed the following information:
Year | Project A Cash Flows | Project B Cash Flows |
0 | $-86,204 | $-77,923 |
1 | $31,304 | $25,972 |
2 | $40,882 | $34,858 |
3 | $28,853 | $25,208 |
What is the incremental IRR (i.e., crossover rate)? (Answer in percentage terms and round answer to 2 decimals)
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