7) A firm is planning to improve its infrastructure, and currently there are two projects considered for this purpose: Project X and Project Y. Project X has an initial cost of $60.775.85 and is expected to generate annual cash flows of $8,000 for the next 20 years. Project Y has an initial cost of $35.000.00 and is expected to generate annual cash flows of $5,300 for the next 20 years. What is the crossover rate where the two projects have the same NPVs? 8.04% 7.71% 9.05% 8.38% 8.88%