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Consider the following two mutually exclusive projects: Year Cash Flow (X) Cash Flow (Y) 8 -$ 15,700 -$ 15,700 1 6,730 7,330 2 3

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Consider the following two mutually exclusive projects: Year Cash Flow (X) Cash Flow (Y) 8 -$ 15,700 -$ 15,700 1 6,730 7,330 2 3 7,310 4,830 7,710 3,670 a. What is the IRR of Project X? Note: Do not round Intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. b. What is the IRR of Project Y? Note: Do not round Intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. c. What is the crossover rate for these two projects? Note: Do not round Intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. a. IRR b. IRR % % S c. Crossover rate %

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