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Projects A and B are mutually exclusive and has an initial cost of $78,000 each. Project A has annual cash flows for years 1 to
Projects A and B are mutually exclusive and has an initial cost of $78,000 each. Project A has annual cash flows for years 1 to 3 of $28,000, $31,500, and 22,300, respectively. project b has annual cash flows for year 1 of $36,900 and 40,500 for year 2. What is the crossover rate?
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