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Consider the following two mutually exclusive projects: Year 0 Cash Flow (X) -$20,100 8.875 9,150 8,825 Cash Flow (9) $20,100 10,150 7,825 8,725 1 2

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Consider the following two mutually exclusive projects: Year 0 Cash Flow (X) -$20,100 8.875 9,150 8,825 Cash Flow (9) $20,100 10,150 7,825 8,725 1 2 3 Calculate the IRR for each project. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) % Project X Project Y % What is the crossover rate for these two projects? Refer to the text and lectures on tips for calculating the crossover rate using the IRR function on your financial calculator and Excel. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Crossover rate %

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