Cummings Products Company is considering two mutually exclusive investments whose expected net cash flows are as follows:

Expected Net Cash Flows

Year Project A Project B

0 -340 -630

1 -528 210

2 -219 210

3 -150 210

4 1,100 210

5 820 210

6 990 210

7 -325 210

1) What is each project's IRR? Do not round intermediate calculations. Round your answers to two decimal places.

2) Calculate the two projects' NPVs, if each project's cost of capital was 11%. Do not round intermediate calculations. Round your answers to the nearest cent.

3) Calculate the two projects' NPVs, if each project's cost of capital was 18%. Do not round intermediate calculations. Round your answers to the nearest cent.

4) What is each project's MIRR at a cost of capital of 11%? (Hint: Consider Period 7 as the end of Project B's life.) Do not round intermediate calculations. Round your answers to two decimal places.

5) What is each project's MIRR at a cost of capital of 18%? (Hint: Consider Period 7 as the end of Project B's life.) Do not round intermediate calculations. Round your answers to two decimal places.

6)What is the crossover rate? Do not round intermediate calculations. Round your answer to two decimal places.