Consider the following cash flows for projects A and B. Assume the firm can only select one of the projects. What is the MARR such that the firm is indifferent between selecting project A or B? Enter your answer as a percent between 0 and 100, rounded to the nearest tenth of a percent. You might consider an incremental approach.
Project A (for n = 0 through 4) $ :
-10,500
7,500
3,559
1,120
750
IRR : 14.1%
Project B (for n = 0 through 4) $ :
-5,138
3,075
1,780
1,120
750
IRR : 15.6%