cash flows would be $$2\mathrm{.}1323$ million per year for $20$ years. The firm's WACC is $12\mathrm{.}4\%.$

intermediate calculations. Round your answers to two decimal places.

Identify each project's IRR. Do not round intermediate calculations. Round your answers to two decimal places.

Project A:

$\%$

Project B:

Determine the crossover rate. Approximate your answer to the nearest whole number.

$\%$

b$.$ Is it logical to assume that the firm would take on all available independent, average$-$risk projects with returns greater than $12\mathrm{.}4\%?$

has a cost of $12\mathrm{.}4\%?$

Does this imply that the WACC is the correct reinvestment rate assumption for a project's cash flows?