Hi, I am trying to determine the crossover rate, but I am having trouble computing it. Correct me if I am wrong, but the formula to compute the crossover rate is: CF/(1+r) + CF_2/(1+r)^2 + CF_3/(1+r)^3 - A = CF/(1+r) + CF_2/(1+r)^2 + CF_3/(1+r)^3 - B; where 'A' and 'B' are the initial investments of 20900. Thank you.

Consider the following two mutually exclusive projects Cash Flow Cash Flow Year x) - 20,900$ 20,900 10,550 8,025 8,925 9,075 9,550 9,025 Calculate the IRR for each project. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) IRR Project X Project Y 15.42 % 15.63 % What is the crossover rate for these two projects? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Crossover rate What is the NPV of Projects X and Y at discount rates of 0%, 15%, and 25%? (Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Discount rate 0% 15% 25% Project X Project Y 6750$ 146.55 $ 2907.2$ 6600 210.29 2754.4