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................ Anderson Associates is considering two mutually exclusive projects that have the following cash flows: Project A Project B E Cash Flow lflash Flow 0

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Anderson Associates is considering two mutually exclusive projects that have the following cash flows: Project A Project B E Cash Flow lflash Flow 0 -$10.000 -$s.000 1 1000 1000 2 1000 3.000 3 1.000 4 11000 3.000 At what cost of capital do the two projects have the same net present value? (That is+ what is the crossover rate?) Enter vour answer rounded to two decimal places. Do not enter 95 in the answer box. For example, if your answer is D. 12345 or 12.34596 then enter as 12.35 in the answer box

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