Question $1$

$1$ pts

A firm is planning to improve its infrastructure, and currently there are two projects considered for this purpose: Project $x$ and Project $Y.$ Project $x$ has an initial cost of $$92,845\mathrm{.}83$ and is expected to generate annual cash flows of $$10,000$ for the next $16$ years. Project $Y$ has an initial cost of $$48,000\mathrm{.}00$ and is expected to generate annual cash flows of $$5,800$ for the next $16$ years. What is the crossover rate?

$5\mathrm{.}57\%$

$5\mathrm{.}11\%$

$4\mathrm{.}85\%$

$5\mathrm{.}37\%$

$5\mathrm{.}21\%$