Show me the steps to solve Considine Chemical Company is considering Projects A and B with the cash flows

shown below. The firm$$s WACC is $10\%.$ There have been discussions within the

company about which capital budgeting decision rule should be used to determine the

better project. A staff person has suggested that the crossover rate should be calculated

so the firm has more information. What is the crossover rate for these two projects? In

other words, at what discount rate are the NPVs of these two projects equal?

$012345$

Project A $-$$$1,800$ $$700$ $$325$ $$250$ $$175$ $ $50$

Project B $-$$$2,100$ $$250$ $$275$ $$625$ $$690$ $$450$

a$.12\mathrm{.}66\%$

b$.13\mathrm{.}10\%$

c$.14\mathrm{.}25\%$

d$.15\mathrm{.}51\%$

e$.16\mathrm{.}33\%$