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Consider the following two mutually exclusive projects: Year Cash Flow (X) Cash Flow (Y) 0 $16,000 $16,000 1 6,700 7,270 2 7,280 7,740 3 4,800

Consider the following two mutually exclusive projects: Year Cash Flow (X) Cash Flow (Y) 0 $16,000 $16,000 1 6,700 7,270 2 7,280 7,740 3 4,800 3,610 a. What is the IRR of Project X? (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? (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? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

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