Question: Barney is choosing between two mutually exclusive projects for Goliath National Bank, but is unsure of the appropriate discount rate. He realized that using crossover

Barney is choosing between two mutually exclusive projects for Goliath National

Barney is choosing between two mutually exclusive projects for Goliath National Bank, but is unsure of the appropriate discount rate. He realized that using crossover rates is a legendary approach to investment decision making. What is the crossover rate for the following two projects? (Write the answer in percent form. For example, if the answer is 20% or 0.20, please write "20" in the blank)

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