Hanse, Inc., has the following two mutually exclusive projects available. Year Project R Project S 0 $ 75,500 $ 96,400 1 26,200 24,100 2 25,200 24,100 3 23,200 39,100 4 17,200 34,100 5 11,900 13,100 a. What is the crossover rate for these two projects? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. b. What is the NPV of each project at the crossover rate? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

Hanse, Inc., has the following two mutually exclusive projects available. Year ON LO 1 2 3 4 5 Project R -$75,500 26,200 25,200 23,200 17,200 11,900 Projects -$96,400 24,100 24,100 39,100 34,100 13,100 a. What is the crossover rate for these two projects? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. b. What is the NPV of each project at the crossover rate? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) a. Crossover rate 19.00% b. NPV Project R NPV Project S