Consider the following two mutually exclusive projects:

Year	Cash Flow (X)	Cash Flow (Y)
0	?$16,400	?$16,400
1	6,660	7,190
2	7,240	7,780
3	4,760	3,530

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

%