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

Crenshaw Enterprises has gathered projected cash flows for two projects.
Year Project I Project J
0 $ 265,000 $ 265,000
1113,50094,000
2106,000100,500
390,000102,500
479,000109,500
At what interest rate would the company be indifferent between the two projects?

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