Project a Has an Initial Cost of $16,400 and Cash

Multiple Choice

Project A has an initial cost of $16,400 and cash flows of $5,100,$6,800,and $6,900 for Years 1 to 3,respectively.Project B has an initial cost of $21,200 and cash flows of $8,300,$7,900,and $7,700 for Years 1 to 3,respectively.What is the incremental IRR?

A) 2.89%
B) 4.07%
C) 5.91%
D) 6.75%
E) 7.90%