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Handy Enterprises has gathered projected cash flows for two projects. Year 0-4 Project I: $264000, 113600, 105800, 89800, 78800 Year 0-4 Project J: $264000, 93400,

Handy Enterprises has gathered projected cash flows for two projects.

Year 0-4 Project I: $264000, 113600, 105800, 89800, 78800

Year 0-4 Project J: $264000, 93400, 100400, 102400, 109400

Requirement 1:

At what interest rate would the company be indifferent between the two projects? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g.,32.16).)

Requirement 2:

Which project is better if the required return is above this interest rate?

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