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Crenshaw Enterprises has gathered projected cash flows for two projects. Year Project Project -$264.000 -$264.000 NM 113.600 105.800 89.800 78.800 93,400 100.400 102.400 109,400 a.

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Crenshaw Enterprises has gathered projected cash flows for two projects. Year Project Project -$264.000 -$264.000 NM 113.600 105.800 89.800 78.800 93,400 100.400 102.400 109,400 a. At what interest rate would the company be indifferent between the two projects? (Do not round Intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. Which project is better if the required return is above this interest rate? Interest rate

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