Question: Consider the following two mutually exclusive projects: Year Cash Flow (X) Cash Flow (Y) 0 $23,900 $23,900 1 13,100 9,300 2 9,480 10,620 3 7,890
| Consider the following two mutually exclusive projects: |
| Year | Cash Flow (X) | Cash Flow (Y) |
| 0 | $23,900 | $23,900 |
| 1 | 13,100 | 9,300 |
| 2 | 9,480 | 10,620 |
| 3 | 7,890 | 11,180 |
| a. | What is the IRR of Project X? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) |
| b. | What is the IRR of Project Y? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) |
| c. | What is the crossover rate for these two projects? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) |
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