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The cash flows for two mutually exclusive investment projects S and L are listed below. What is the crossover rate for these two projects? Project

The cash flows for two mutually exclusive investment projects S and L are listed below. What is the crossover rate for these two projects?

Project Year 0 Year 1 Year 2 Year 3

S -$200 $100 $100 $100

L -$320 $180 $130 $130

a. 10.0

b. 11.2

c. 11.7

d. 12.3

e. 13.1

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