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

Year	Project R		Project S
0	$	80,000	$	100,000
1		28,000		25,000
2		27,000		25,000
3		25,000		40,000
4		19,000		35,000
5		11,000		14,000

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______________________	$