Question: 50. 10 points value: Problem 8-18 Crossover Point [LO 3] Handy Enterprises has gathered projected cash flows for two projects. Year ProjectI Project J -$215,000

 50. 10 points value: Problem 8-18 Crossover Point [LO 3] Handy

50. 10 points value: Problem 8-18 Crossover Point [LO 3] Handy Enterprises has gathered projected cash flows for two projects. Year ProjectI Project J -$215,000 $215,000 75,000 86,000 96,000 105,000 104,000 93,000 79,000 72,000 2 Requirement 1: At what interest rate would the company be indifferent between the two projects? (Do no intermediate calculations. Round your answer to 2 decimal places (e.g, 32.16).) Interest rate Requirement 2: Which project is better if the required return is above this interest rate? (Click to select)

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