Lithium inc is considering two mutually exclusive projects

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Lithium Inc. is considering two mutually exclusive projects, A and B. Project A costs $95,000 and is expected to generate $65,000in year one and $75,000 in year two. Project B costs 120,000 and is expected to generate $64,000 in year one, $67,000 in year two, $56,000 in year three and $45,000 in year four. Lithium Inc's rate of return for these projects is 10%. The internal rate of return for Project A is: ?

Reference no: EM13623439

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