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Question 32 Not yet answered Points out of 1.00 P Flag question Projects A and B are mutually exclusive and both have an initial cost
Question 32 Not yet answered Points out of 1.00 P Flag question Projects A and B are mutually exclusive and both have an initial cost of $80,000. Project A has annual cash flows for three years of $28,000, $32,500, and $43,300, respectively. Project B has annual cash flows for three years of $27,900, $31,000, and $45,000. What is the crossover rate? Select one: a. 5.86 percent b. 11.32 percent c. 6.16 percent d. 8.33 percent e. 9.20 percent
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