22) (8 pts) Cascade Unlimited has gathered projected cash flows for two mutually exclusive projects. (a) Calculate the NPV for each project if the discount rate is 6.5% (b) Calculate the IRR of each project (c) At what discount rate would the company be indifferent between the two projects? Hint: it is the "crossover" discount rate where the NPV profiles of the two projects cross. (d) Which project should be chosen if the discount rate is 5.5% (given the above answers, no calculation is necessary for this one) PROJECT A PROJECT B a) NPV @ 6.5% b) IRR c) Crossover Rate d) A or at 5.5%? (no calculation req'd) Proj B -40,000 40,000 17,400 roj A Initial Ye ar 11,300 1 Ye ar 14,800 14,100 2 Year 13,700 12,900 3 Year 7,900 2,200 4