Question: Kim Lee is analyzing two projects. The first requires a $1030 initial investment and returns $600 a year for ever. The second project requires a

Kim Lee is analyzing two projects. The first requires a $1030 initial investment and returns $600 a year for ever. The second project requires a $2572 initial investment and returns $700 a year for ever. What is the crossover point for these two projects?

Select one:

a. 6.49%

b. The crossover point cannot be computed based on the information provided.

c. 3.89%

d. 31.04%

e. 9.71%

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