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Project A has an initial cost of $211,400 and projected cash flows of $46,200, $64,900, and...

Project A has an initial cost of $211,400 and projected cash flows of $46,200, $64,900, and $135,800 for Years 1 to 3, respectively. Project B has an initial cost of $187,900 and projected cash flows of $43,200, $59,700, and $125,600 for Years 1 to 3, respectively. What is the incremental IRRA–B of these two mutually exclusive projects?

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