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[See Solution] A developer is considering two projects. Project A has a capital cost of $2,278,268.483911 and a life of 10 years. Income for the project

Question: A developer is considering two projects. Project A has a capital cost of $2,278,268.483911 and a life of 10 years. Income for the project will be $355,000 per year. There is no salvage value. What is the Internal Rate of Return for Project A? (Answer to the nearest percent, if you think the answer is 12% then answer 12) __ Project B has a capital cost of $672,249.926189 and a life of 20 years. Income for the project will be $90,000 per year. There is no salvage value. What is the internal Rate of Return for Project B? (Answer to the nearest percent)

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