MargeSimpson Inc. is considering the two capital budeting projects with the following cash flows that have a WACC of 10%.

Year How Bout A Pretzel What a Falafel

0 -150,000 -150,000

1 30,000 90,000

2 65,000 85,000

3 80,000 50,000

4 120,000 45,000

What is the rate where the two projects have the same NPV (crossover rate)?

21.5%

21.1%

26.7%

11.7%

33.6%