Consider the following two mutually exclusive projects:

Year

Cash Flow (X)

Cash Flow (Y)

0

$

20,300

$

20,300

1

8,925

10,250

2

9,250

7,875

3

8,875

8,775

Calculate the IRR for each project. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)

	IRR
Project X	16%
Project Y	16%

What is the crossover rate for these two projects? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Crossover rate

%

What is the NPV of Projects X and Y at discount rates of 0%, 15%, and 25%? (Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

Discount rate	Project X	Project Y
0%	$	$
15%	$	$
25%	$	$