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Given the following: Project A: CF 0 = -$23,000; CF 1 = $6,000; CF 2 = $8,500; CF 3 = $15,100 Project B: CF 0

Given the following:

Project A: CF0= -$23,000; CF1= $6,000; CF2= $8,500; CF3= $15,100

Project B: CF0= -$20,000; CF1= $4,000; CF2= $7,550; CF3= $14,600

What is the crossover rate (r)?

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