Seether, Inc., has the following two mutually exclusive projects available.

Year __________Project R ___________Project S

0 .................. -$55,000 ................... -$76,000

1 ..................... 21,000 ..................... 20,000

2 ..................... 22,000 ..................... 20,000

3 ..................... 19,000 ..................... 35,000

4 ..................... 12,000 ..................... 30,000

5 ...................... 9,000 ...................... 10,000

What is the crossover rate for these two projects? What is the NPV of each project at the crossover rate?