You are considering the following two mutually exclusive projects. The crossover rate between these two projects is ___ percent and Project ___ should be accepted if the required return is greater than the crossover rate.

Year	Project A			Project B
0		$33,000			$33,000
1		21,000			13,160
2		13,000			11,000
3		13,000			24,500

Multiple Choice

• 19.62%; B

• 9.03%; B

• 22.23%; A

• 22.23%; B

• 9.03%; A