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		$24,000			$24,000
1		8,500			16,570
2		8,500			6,500
3		16,500			8,590

Options

• 12.17%; A

• 12.17%; B

• 16.49%; B

• 16.49%; A

• 17.82%; A