ezto.mheduc Connect Chapter 8 0 Saved Crenshaw Enterprises has gathered projected cash flows for two projects. Year Project 1 Project -$254,000 $254,000 0 1 NM 114,600 103,800 87,800 76,800 87,400 99,400 101,400 108,400 4 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 % b