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		$27,000			$27,000
1		10,000			18,100
2		10,000			8,000
3		18,000			10,120

Multiple Choice

a.) 18.64%; A

b.) 11.75%; B

c.) 11.75%; A

d.) 17.19%; B

e.) 17.19%; A