Figure 14-9

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