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Problem 8-18 Crossover Point [LO 3] Hodgkiss Enterprises has gathered projected cash flows for two projects. ear Projectl Project J -$258,000 258,000 89,800 99,800 101,800

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Problem 8-18 Crossover Point [LO 3] Hodgkiss Enterprises has gathered projected cash flows for two projects. ear Projectl Project J -$258,000 258,000 89,800 99,800 101,800 108,800 114.200 104,600 88,600 77,600 At what interest rate would the company be indifferent between the two projects? (Do not re 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) 7 References

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