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Crenshaw Enterprises has gathered projected cash flows for two projects. At what interest rate would the company be indifferent between the two projects? Which project

Crenshaw Enterprises has gathered projected cash flows for two projects. At what interest rate would the company be indifferent between the two projects? Which project is better if the required return is above this interest rate? Why?

Year. Project I. Project J

0. $197,000. $197,000

1 95,500 72,600

2 87,600 77,800

3 65,200 81,400

4 59,800 87,000

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