Figure 14-9. Kenner Company Is Considering Two Projects

Figure 14-9. Kenner Company is considering two projects.
Present value of an Annuity of $1 in Arrears
Refer to Figure 14-9.Which of the two projects,A or B,is better in terms of internal rate of return?

A) Project A with an IRR of 12%
B) Project B with an IRR of 14%
C) Project A with an IRR of 10%
D) Project B with an IRR of 10%
E) Both projects have the same IRR