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

Year	Project R		Project S
0	$	75,500	$	96,500
1		25,500		23,500
2		24,500		23,500
3		22,500		38,500
4		16,500		33,500
5		11,500		12,500

Requirement 1:

What is the crossover rate for these two projects? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).)

Internal rate of return

%

Requirement 2:

What is the NPV of each project at the crossover rate? (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).)

NPV

Project R $

Project S $