Consider the following two mutually exclusive projects:

Year	Cash Flow (X)	Cash Flow (Y)
0	$15,500	$15,500
1	6,750	7,370
2	7,330	7,690
3	4,850	3,710

Requirement 1:

(a)	What is the IRR of Project X? (Do not include the percent sign (%). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

IRR

%

(b)	What is the IRR of Project Y? (Do not include the percent sign (%). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

IRR

%

Requirement 2:

What is the crossover rate for these two projects? (Do not include the percent sign (%). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Crossover rate

%