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I need help with part A finding the Interest Rate. Crenshaw Enterprises has gathered projected cash flows for two projects. a. At what interest rate
I need help with part A finding the Interest Rate.
Crenshaw Enterprises has gathered projected cash flows for two projects. a. At what interest rate would the company be indifferent between the two projects? Note: Do not round Intermedlate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. b. Which project is better if the required return is above this Interest rateStep by Step Solution
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