You are considering the following two mutually exclusive three year projects. Both cost $53 million today and produce cash flows at the end of each year. Project X produces $0 in year one, $29 million in year two, and $33 million at three years. Project Y produces $20 million per year for each of the next three years. What is the crossover point?

Question 22 options:

	22.56%
	13.72%
	11.39%
	8.37%
	6.20%