Consider the following two mutually exclusive projects:     Year Cash Flow Cash Flow              (X)              (Y) 0      -$20,800     -$20,800  1          9,050       10,500  2          9,500        8,000  3          9,000        8,900       IRR   Project X: 15.49%   Project Y: 15.69%      What is the crossover rate for these two projects? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)    Crossover rate  ______%

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Consider the following two mutually exclusive projects:

   

Year Cash Flow Cash Flow

             (X)              (Y)

0      -$20,800     -$20,800 

1          9,050       10,500 

2          9,500        8,000 

3          9,000        8,900 

    

IRR  

Project X: 15.49%  

Project Y: 15.69% 

   

What is the crossover rate for these two projects? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

  

Crossover rate  ______%

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