(3) At what discount rate do the profiles cross? NPV of Projects WACC L S $0.00 $0.00 0% 0.00 0.00 5% 0.00 0.00 10% 0.00 0.00 15% 0.00 0.00 20% 0.00 0.00 25% 0.00 0.00 Year CFDifference 0 1 2 3 IRR = Crossover rate = (4) Find the MIRRs for Projects L and S. MIRRL = MIRRS = By the MIRR criteria, Project XX S is preferred to Project YYY, which is consistent with the NPV decision.