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Consider the following two mutually exclusive projects: Year Cash Flow (X) Cash Flow (Y) 0 $16,500 $16,500 1 6,650 7,170 2 7,230 7,790 3 4,750

Consider the following two mutually exclusive projects:

Year Cash Flow (X) Cash Flow (Y)
0 $16,500 $16,500
1 6,650 7,170
2 7,230 7,790
3 4,750 3,510

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 %

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