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Hodgkiss Enterprises has gathered projected cash flows for two projects. Year 1 Project I -$266,000 113,400 106,200 90, 200 79,200 Project ] -$ 266,000 94,600
Hodgkiss Enterprises has gathered projected cash flows for two projects. Year 1 Project I -$266,000 113,400 106,200 90, 200 79,200 Project ] -$ 266,000 94,600 100,600 102,60 109,600 3 4. At what interest rate would the company be indifferent between the two projects? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Interest rate % Which project is better if the required return is above this interest rate? (Click to select)
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