A.

A project has an initial cost of $57,200 and is expected to produce cash inflows of $19,800, $27,900, and $45,200 over the next 3 years, respectively. What is the projects internal rate of return?

18.92 percent

26.25 percent

16.86 percent

24.63 percent

B.

You are comparing two mutually exclusive projects. Both projects have an initial cost of $40,000 . Project A has cash inflows of $21,000 , $18,000 , and $15,000 over the next 3 years, respectively. Project B has cash inflows of $10,000 , $12,000 and $36,000 over the next 3 years. What is the crossover rate for Projects A and B?

15.03 percent

13.56 percent

14.27 percent

15.29 percent