Consider the following two mutually exclusive projects:

Year	Cash Flow (X)				Cash Flow (Y)
0	$	20,200			$	20,200
1		8,900				10,200
2		9,200				7,850
3		8,850				8,750

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

%

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%	$	$