Question: 5) Totally Serial Enterprises is considering the two mutually exclusive projects below. projects are summarized below. The cash flows from the Flying Car Cash Flow

5) Totally Serial Enterprises is considering the two mutually exclusive projects below. projects are summarized below. The cash flows from the Flying Car Cash Flow Year ManBearPig Project Cash Flow $100,000 $165, 000 40,000 45,000 50,000 55,000 55,000 60,000 75,000 90,000 1 2 At what interest rate do the two projects have the same NPV, i.e., what's the crossover rate between the two projects? A. 13.1% B. 8.6% C. 7.8% D. 9.5% E. 12.2%
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