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

Year	Project R		Project S
0	$	55,000	$	76,000
1		21,000		20,000
2		22,000		20,000
3		19,000		35,000
4		12,000		30,000
5		9,000		10,000

Requirement 1:

What is the crossover rate for these two projects? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).)

Internal rate of return

%

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	$