Question: Consider the following two mutually exclusive projects: Year Cash Flow (X) Cash Flow (Y) 0 $15,200 $15,200 1 6,780 7,430 2 7,360 7,660 3 4,880

Consider the following two mutually exclusive projects:
Year Cash Flow (X) Cash Flow (Y)
0 $15,200 $15,200
1 6,780 7,430
2 7,360 7,660
3 4,880 3,770
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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