Consider the following two mutually exclusive projects:

Year	Cash Flow (X)				Cash Flow (Y)
0	$	21,000			$	21,000
1		9,100				10,600
2		9,600				8,050
3		9,050				8,950

Calculate the IRR for each project.

	IRR
Project X	%
Project Y	%

What is the crossover rate for these two projects?

Crossover rate

%

What is the NPV of Projects X and Y at discount rates of 0%, 15%, and 25%?

Discount rate	Project X	Project Y
0%	$	$
15%	$	$
25%	$	$