Question: Handy Enterprises has gathered projected cash flows for two projects. Year Project I Project J 0 -$215,000 -$215,000 1 104,000 75,000 2 93,000 86,000 3

Handy Enterprises has gathered projected cash flows for two projects.

Year Project I Project J

0 -$215,000 -$215,000

1 104,000 75,000

2 93,000 86,000

3 79,000 96,000

4 72,000 105,000

At what interest rate would the company be indifferent between the two projects?

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