Crenshaw Enterprises has gathered projected cash flows for two projects. Year 0 1 2 3 4...

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Crenshaw Enterprises has gathered projected cash flows for two projects. Year 0 1 2 3 4 Project I -$ 264,000 Project J -$ 264,000 113,600 93,400 100,400 102,400 109,400 105,800 89,800 78,800 a. At what interest rate would the company be indifferent between the two projects? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. b. Which project is better if the required return is above this interest rate? a. Interest rate b. % Crenshaw Enterprises has gathered projected cash flows for two projects. Year 0 1 2 3 4 Project I -$ 264,000 Project J -$ 264,000 113,600 93,400 100,400 102,400 109,400 105,800 89,800 78,800 a. At what interest rate would the company be indifferent between the two projects? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. b. Which project is better if the required return is above this interest rate? a. Interest rate b. %