You are evaluating two mutually exclusive projects: Project Red and Project Green. Project Red involves an initial outlay of $1,500,000 and generates after-tax net cash inflows of $1,500,000 annually over three years. Project Green 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? a. The crossover rate is 83.92% so project RED should be chosen. b. The crossover rate is 44.63% so project GREEN should be chosen. C. The crossover rate is 77.58% so project GREEN should be chosen. d. The crossover rate is the same for both projects so either project can be chosen