Reddington Enterprises is considering two capital Budget projects with the following cashflows at a WACC of 12%. At what rates do these projects have the same NPV?

Red Wine Vineyards Kaplan Cleaners

0 -200,000 -200,000

1 50,000 175,000

2 125,000 125,000

3 200,000 100,000

4 300,000 75,000

Answer choices:

A. 12.0%

B. 43.4%

C. 19.5%

D. 25.7%

E. 32.8%