Capital budgeting criteria A firm with a 13% WACC is evaluating two projects for this year's capital budget. After-tax cash flows, including depreciation, are as follows:
0 1 2 3 4 5 Project A -$24,000 $8,000 $8,000 $8,000 $8,000 $8,000
0 1 2 3 4 5 Project B -$72,000 $22,400 $22,400 $22,400 $22,400 $22,400
Calculate MIRR for each project. Round your answers to two decimal places. Project A ____%?