Question: Consider the following two mutually exclusive projects: Year Cash Flow (X) Cash Flow (Y) $15,800 $15,800 1 6,720 7,310 2 7,300 7,720 3 4,820 3,650

Consider the following two mutually exclusive projects:

Year Cash Flow (X) Cash Flow (Y) $15,800 $15,800 1 6,720 7,310 2 7,300 7,720 3 4,820 3,650

Requirement 1:

(a) What is the IRR of Project X? (Do not include the percent sign (%). Round your answer to 2 decimal places (e.g., 32.16).) IRR % (

b) What is the IRR of Project Y? (Do not include the percent sign (%). Round your answer to 2 decimal places (e.g., 32.16).) IRR %

Requirement 2: What is the crossover rate for these two projects? (Do not include the percent sign (%). Round your answer to 2 decimal places (e.g., 32.16).) Crossover rate %

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