B D E F G H 3 3 Garage, Inc., has identified the following two mutually exclusive projects. a. What is the IRR for each project? b. If the required return is 11 percent, what is the NPV for each project? c. What is the crossover rate between these two projects? 4 5 6 5 7 8 Year o Year 1 Year 2 Year 3 Year 4 A (43,500) 21,400 18,500 13,800 7,600 9 B (43,500) 6,400 14,700 22,800 25,200 10 11 12 13 Required return 11% 14 15 16 Complete the following analysis. Do not hard code values in your calc You must use the built-in Excel functions to answer this question. 17 Clipboard Font A1 V fx B D E 16 Complete the following analysis. Do not hard You must use the built-in Excel functions to a 17 18 Cash flow AIRR Cash flow B IRR 18.33% 17.37% 19 20 21 22 23 Cash flow A NPV Cash flow B NPV $ $ 5,891.09 7,467.80 24 25 Difference in cash flows 26 27 28 29 Year 0 Year 1 Year 2 Year 3 Year 4 30 Crossover rate 31 32 33 34