Consider the following two mutually exclusive projects:

Year Cash Flow (X) Cash Flow (Y)0

1 -$16,300 $16,300

2 6,670 7,210

3 7,250 7,770

4 4,770 3,550

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.)

IRR7.56%

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.)

IRR7.45%

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.)

Crossover rate%

How do I calculate the crossover rate using a TI-83 plus calculator?