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Project A has cash flows of -$50,000, $0, $5,000, and $60,000 for Years 0 to 3, respectively. Project B has an initial cost of $50,000

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Project A has cash flows of -$50,000, $0, $5,000, and $60,000 for Years 0 to 3, respectively. Project B has an initial cost of $50,000 and an annual cash inflow of $20,500 for four years. These are mutually exclusive projects. What is the crossover rate? 6.06% 7.06% 15.54% 14.54% 16.54%

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