Consider the following two mutually exclusive projects:

Year	Cash Flow (X)	Cash Flow (Y)
0	?$16,000	?$16,000
1	6,700	7,270
2	7,280	7,740
3	4,800	3,610

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? Hint: see the crossover rate in my Excel file. (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).)

Crossover rate

%