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

Year

Project R

Project S

0

$

76,500

$

97,200

1

26,600

24,300

2

25,600

24,300

3

23,600

39,300

4

17,600

34,300

5

11,700

13,300

Requirement 1:

What is the crossover rate for these two projects?

Requirement 2:

What is the NPV of each project at the crossover rate? (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).)

	NPV
Project R	$
Project S	$