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Crenshaw Enterprises has gathered projected cash flows for two projects. Year Project -$262,000 0 113,800 105,400 89.400 78,400 Project $262,000 92,200 100,200 102,200 109,200 a.

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Crenshaw Enterprises has gathered projected cash flows for two projects. Year Project -$262,000 0 113,800 105,400 89.400 78,400 Project $262,000 92,200 100,200 102,200 109,200 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? a. Interest rate

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