Question: The Walk-Up Window is considering two mutually exclusive projects. Project A has an initial cost of $49,230 and annual cash flows of $31,200 for three

The Walk-Up Window is considering two mutually exclusive projects. Project A has an initial cost of $49,230 and annual cash flows of $31,200 for three years. Project B has an initial cost of $21,400 and annual cash flows of $21,400 for two years. What is the crossover rate?

a 26.18%
b 29.39%
c 15.44%
d -20.49%
e 15.86%

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