Consider the following two mutually exclusive projects:

Year	Cash Flow (X)				Cash Flow (Y)
0	$	20,900			$	20,900
1		9,075				10,550
2		9,550				8,025
3		9,025				8,925

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	%
Project Y	%

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

%