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Matterhorn Mountain Gear is evaluating two projects with the following cash flows: Year Project X Project Y 0 $317,000 $294,850 1 147,300 137,900 2 164,800

Matterhorn Mountain Gear is evaluating two projects with the following cash flows:

Year Project X Project Y
0 $317,000 $294,850
1 147,300 137,900
2 164,800 155,100
3 129,900 120,850

What interest rate will make the NPV for the projects equal?

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