Consider the two mutually exclusive investment projects given in the table below for which MARR = 15%. On the basis of the IRR criterion, which project would be selected under an infinite planning horizon with project repeatability likely? E Click the icon to view the cash flows for the investment projects. The rate of return on the incremental investment is 12.4 %. (Round to one decimal place.) More Info Net Cash Flow Project A - $4,000 2,000 Project B -$9,500 7,000 7,000 1 3,000 3 3,000 IRR 40.96% 30.25%

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