cash flows would be $$2\mathrm{.}2034$ million per year for $20$ years. The firm's WACC is $11\mathrm{.}9\%.$

Intermedlate calculations. Round your answers to two decimal places.

IdentIfy each project's IRR. Do not round Intermedlate calculations. Round your answers to two declmal 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 avallable Independent, average$-$risk projects with returns greater than $11\mathrm{.}9\%?$

a cost of $11\mathrm{.}9\%?$

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