Question: Projects A and B are mutually exclusive and both have an initial cost of $78,000. Project A has annual cash flows for three years of

Projects A and B are mutually exclusive and both have an initial cost of $78,000. Project A has annual cash flows for three years of $28,000,$31,500, and $42,300, respectively. Project B has annual cash flows for three years of $27,000,$30,500, and $44,900. What is the crossover rate? 3.33 percent 8.10 percent 18.82 percent 5.16 percent 15.20 percent
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