Question: Crenshaw Enterprises has gathered projected cash flows for two projects. Year Project | Project J -$256,000 -$256,000 0 1 2 3 4 114,400 104,200 88,200

Crenshaw Enterprises has gathered projected cash flows for two projects. Year Project | Project J -$256,000 -$256,000 0 1 2 3 4 114,400 104,200 88,200 77,200 88,600 99,600 101,600 108,600 a. At what interest rate would the company be indifferent between the two projects? (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
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