The Ewert Exploration Company is considering two mutually exclusive plans for extracting oil on property for which it has mineral rights. Both plans call for the expenditure of $9.5 million to drill development wells. Under Plan A, all the oil will be extracted in 1 year, producing a cash flow at t = 1 of $10.5 million; under Plan B, cash flows will be $1.4 million per year for 20 years.

1. What are the annual incremental cash flows that will be available to Ewert Exploration if it undertakes Plan B rather than Plan A? (Hint: Subtract Plan A's flows from B's.)

   Year	Incremental Cash Flow (B - A)
   1	$
   2-20	$

2. Identify each project's IRR. Round your answers to two decimal places.

   Project A	%
   Project B	%

   Indicate the crossover rate. Round your answer to two decimal places. %