Crenshaw Enterprises has gathered projected cash flows for two projects. Crenshaw Enterprises has gathered projected cash flows for two projects.

a$.$ At what interest rate would the company be indifferent between the two projects?

Note: Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,$

$32\mathrm{.}16.$

b$.$ Which project is better if the required return is above this interest rate?

a$.$ At what interest rate would the company be indifferent between the two projects?

Note: Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,$

$32\mathrm{.}16.$

b$.$ Which project is better if the required return is above thiCrenshaw Enterprises has gathered projected cash flows for two projects.

a$.$ At what interest rate would the company be indifferent between the two projects?

Note: Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,$

$32\mathrm{.}16.$

b$.$ Which project is better if the required return is above this interest rate?s interest rate?