Question: Crenshaw Enterprises has gathered projected cash flows for two projects. Project I -$ 267,000 113,300 Project J -$ 267,000 95,200 106,400 100,700 90,400 102,700 79,400

Crenshaw Enterprises has gathered projected cash flows for two projects. Project I -$ 267,000 113,300 Project J -$ 267,000 95,200 106,400 100,700 90,400 102,700 79,400 109,700 Year 0 1 2 3 4 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. 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.9., 32.16 . b. Which project is better if the required return is above this interest rate

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