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3. You are considering the following two mutually exclusive projects. The crossover point (the discount rate at which the two projects have the same NPV)

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3. You are considering the following two mutually exclusive projects. The crossover point (the discount rate at which the two projects have the same NPV) is_ percent. (Note: Trial and error may be the fastest and easiest way to find the correct answer) Year Project A Project B O -$32,000 -$32,000 18,000 12,000 13,000 13,000 9,000 16,000 7.7.86% b.7.92% c. 8.01% d. 8.12% e. 8.35%

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