Question: Crenshaw Enterprises has gathered projected cash flows for two projects. YearProject IProject J 0 $ 2 5 6 , 0 0 0 $ 2 5

Crenshaw Enterprises has gathered projected cash flows for two projects.
YearProject IProject J0$ 256,000$ 256,0001114,40088,6002104,20099,600388,200101,600477,200108,600
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.
Which project is better if the required return is above this interest rate?

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