Consider the following two mutually exclusive projects:

Year	Cash Flow (X)	Cash Flow (Y)
0	$ 19,500	$ 19,500
1	8,725	9,850
2	8,850	7,675
3	8,675	8,575

Calculate the IRR for each project. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)

IRR

Project X ______ %

Project Y ______ %

What is the crossover rate for these two projects? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Crossover rate ______ %

What is the NPV of Projects X and Y at discount rates of 0%, 15%, and 25%? (Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

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