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Kim Lee is analyzing two projects. The first requires a $1,200 initial investment and returns $600 a year for four years. The second project requires

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Kim Lee is analyzing two projects. The first requires a $1,200 initial investment and returns $600 a year for four years. The second project requires a $1,500 initial investment and returns $700 a year for four years. What is the crossover point for these two projects? O 6.37% 12.59% The crossover point cannot be computed based on the information provided. 8.14% 4.25% The Fisher formula is expressed as: 1 + h = (1 + r) (1 + R). O 1+R = (1 - 1) (1 + h). 1 + r = (1 +R) (1 + h). 1+R = (1 +r) (1 + h). 1+ r = (1 + R) (1 + h)

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