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Consider the following two projects: Project X Project Y Year 0 - $ 5 , 5 0 0 - $ 7 , 2 0 0

Consider the following two projects:
Project X Project Y
Year 0-$5,500-$7,200
Year 1 $2,200 $3,600
Year 2 $3,300 $3,600
Year 3 $3,300 $3,600
Year 4 $3,100 $3,150
Year 5 $2,900 $3,150
What is the crossover rate i.e. the incremental IRR? Enter your answer as a decimal rounded to three decimal places. For example. the answer 21.752% would be entered as 0.218

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