Flint Fruits is considering two equally risky, mutually exclusive projects, Projects A and B, that have the following cash flows:

At which discount rate, will the two projects cross (that is, have the same NPV)?

a. 16.75%

b. 17.76%

c. 18.61%

d. 19.77%

e. 20.59%

Year 0 1 2 3 Project A $100,000 60,000 25,000 50,000 Project B $100,000 40.000 15,000 90.000