Question: Projects A and B both have normal cash flows and are mutually exclusive. Project A has a higher NPV if the cost of capital is

Projects A and B both have normal cash flows and are mutually exclusive. Project A has a higher NPV if the cost of capital is less than 15%, whereas Project B has a higher NPV if the cost of capital exceeds 15%. Which of the following statements is CORRECT?
a. The crossover rate between the two projects is above 15%.
b. Project B probably has a higher IRR.
c. Project A probably has a higher IRR.
d. The crossover rate between the two projects is below 15%.
Projects A and B both have normal cash flows and

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