$16.$ Shannon Industries is considering a project which has the following cash flows:

Year

Cash Flow

$0$

$?$

$1$

$$2,000$

$2$

$3,000$

$3$

$3,000$

$4$

$1,500$

The project has a payback of $2\mathrm{.}5$ years. The firm's cost of capital is $12$ percent. What is the project's net present value NPV$?$ Round it to a whole dollar, e$.$g$.,1234.$

$17.$ McCarver Inc. is considering the following mutually exclusive projects:

Project A

Project B

Year

Cash Flow

Cash Flow

$0$

$-$$$5,000$

$-$$$5,000$

$1$

$200$

$3,000$

$2$

$800$

$3,000$

$3$

$3,000$

$800$

$4$

$5,000$

$200$

At what cost of capital will the net present value of the two projects be the same? $($That is$,$ what is the "crossover" rate?$)$ Round it to one decimal place, e$.$g$.,10\mathrm{.}5.$