Question

Calculate the internal rate of return for the two following projects: Year Project A Project B...

Calculate the internal rate of return for the two following projects:

Year Project A Project B
0 $-4920 $-3115
1 1780 1145
2 2915 1405
3 2125 1755

What is the IRR of project A? (Report answer in percentage terms and round to 2 decimal places. Do not round intermediate calculations)

What is the IRR of project B? (Report answer in percentage terms and round to 2 decimal places. Do not round intermediate calculations)

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