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Problem 8-11 NPV versus IRR (LO 3, 4] Consider the following two mutually exclusive projects: Year 0 1 2 3 Cash Flow (X) --$15,600 6,740

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Problem 8-11 NPV versus IRR (LO 3, 4] Consider the following two mutually exclusive projects: Year 0 1 2 3 Cash Flow (X) --$15,600 6,740 7,320 4,840 Cash Flow (Y) -$15,600 7,350 7700 3,690 a. What is the IRR of Project X? (Do not round Intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What is the IRR of Project Y? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) c. What is the crossover rate for these two projects? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.. 32.16.) 3. IRR b. IRR Crossover rate % % % c

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