| Year | Project A | Project B |
| 0 |
-180,000 |
-18,000 |
| 1 |
50,000 |
10,000 |
| 2 |
100,000 |
15,000 |
| 3 |
150,000 |
12,000 |
Consider the following two mutually exclusive projects listed above:
Calculate the internal rate of return, and net present value. Assume a discount rate of 15%. Which project should be selected?