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Given the following cash flows for project A and project B: Year 0 1 2 3 4 7000 5000 Project A -15000 4000 2000 Project

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Given the following cash flows for project A and project B: Year 0 1 2 3 4 7000 5000 Project A -15000 4000 2000 Project B -17000 5000 2000 7000 6250 Which of the following statement is correct? O a. The crossover rate of the two projects is the mean of the IRRS of the two projects O b. The crossover rate of the two projects is 4.6%. Oc. The crossover rate of the two projects is 6.8% O d. The crossover rate of the two projects is 7.0% Oe. The crossover rate of the two projects is higher than the IRR of the project with the lowest IRR of both projects

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