Seether, Inc., has the following two mutually exclusive projects available.

Year Project R Project S

0 $ 84,000 $ 103,200

1 29,600 25,800

2 28,600 25,800

3 26,600 40,800

4 20,600 35,800

5 10,200 14,800

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.)

Crossover rate =

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.)

NPV

Project R =

Project S =