You are evaluating two mutually exclusive projects Project Green and Project Red. Project Green involves an initial outlay of $1,500,000 and generates after-tax net cash inflows of $1,500,000 annually over three years. Project Red involves an initial outlay of $1,800,000 and generates annual after-tax net cash inflows of $1,700,000 for three years. Your required rate of return on either project is 12% per annum What is the crossover rate for the two projects, and which project should be chosen? O a. The crossover rate is 44.63% so project GREEN should be chosen O b. The crossover rate is the same for both projects so either project can be chosen Oc. The crossover rate is 77.58% so project RED should be chosen Od. The crossover rate is 44.63% so project RED should be chosen