Consider the following two mutually exclusive projects: Year Cash Flow (X) Cash Flow(Y)

year//cash flow (x)// cash flow (y)

0 $16,700 $16,700

1 6,630 7,130

2 7,210 7,810

3 4,730 3,470

Requirement 1: (a) What is the IRR of Project X? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).) IRR % (b) What is the IRR of Project Y? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).) IRR % Requirement 2: What is the crossover rate for these two projects? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).) Crossover rate %