Question: Question 23 You are choosing between the following mutually-exclusive project: 2 pts Project A Project B Initial cost (t=0) 3000 -2400 Year 1 cash ow

Question 23 You are choosing between the
Question 23 You are choosing between the following mutually-exclusive project: 2 pts Project A Project B Initial cost (t=0) 3000 -2400 Year 1 cash ow 1950 1800 Year 2 cash ow 1950 1300 At what discount rate would you be indifferent between the two projects. i.e. they have the same NPV? (Please express your answer as a percentage to two decimal places. 12.34% would be 12.34. for example.)

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