Question: Check my work 00 8 Problem 8-18 Crossover Point (LO 3] 33 Crenshaw Enterprises has gathered projected cash flows for two projects. Dints Year Project
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Check my work 00 8 Problem 8-18 Crossover Point (LO 3] 33 Crenshaw Enterprises has gathered projected cash flows for two projects. Dints Year Project Project -$257,000 $257,000 O eBook Print 1 2 3 4 114,300 104,400 88,400 77,400 89,200 99,700 101,700 108,700 References a. At what interest rate would the company be indifferent between the two projects? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. Which project is better if the required return is above this interest rate? a. Interest rate b. raw ill
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