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Seether, Inc., has the following two mutually exclusive projects available. Year Project R Project S 0 $ 78,000 $ 98,400 1 27,200 24,600 2 26,200

Seether, Inc., has the following two mutually exclusive projects available.

Year Project R Project S
0 $ 78,000 $ 98,400
1 27,200 24,600
2 26,200 24,600
3 24,200 39,600
4 18,200 34,600
5 11,400 13,600

What is the crossover rate for these two projects? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Crossover rate % What is the NPV of each project at the crossover rate? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

NPV
Project R $
Project S $

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