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Question 12 4 pts 12. Mayfair Corporation is considering two mutually exclusive projects, X and Y. The net after tax cash flows are: Year Project

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Question 12 4 pts 12. Mayfair Corporation is considering two mutually exclusive projects, X and Y. The net after tax cash flows are: Year Project X Project Y $10,000 $10,000 0 1 6,000 1,000 4,000 3.000 2. 3 3 3,000 4,000 4 2,000 9,000 At what WACC would the NPVs of Project X and Project Y be equal (Hint: compute the crossover discount rate)? a. 4.45% O b. 5.90% C. 6.74% d. 9.28% e. 11.20%

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