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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