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

Year

Project R

Project S

0

$

55,000

$

76,000

1

21,000

20,000

2

22,000

20,000

3

19,000

35,000

4

12,000

30,000

5

9,000

10,000

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	$