Mahjong, Inc., has identified the following two mutually exclusive projects: Year Cash Flow (A) Cash Flow (B) 0 –$38,000 –$38,000 1 19,100 5,900 2 14,600 12,400 3 12,100 18,900 4 9,100 22,900 Required: (a) What is the IRR for Project A? (b) What is the IRR for Project B? (c) If the required return is 10 percent, what is the NPV for Project A? (d) If the required return is 10 percent, what is the NPV for Project B? (e) At what discount rate would the company be indifferent between these two projects?