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Two projects are under consideration. YEAR 0 1 2 3 4 Project APHA -1100 500 450 300 200 Project BRAVO -1100 100 350 400 675

Two projects are under consideration.

YEAR 0 1 2 3 4

Project APHA -1100 500 450 300 200

Project BRAVO -1100 100 350 400 675

The IRR crossover point will be [ Select ] ["8.26%", "21.7%", "5.47%", "-3.67%"] . Therefore the NPV at that crossover point will be [ Select ] ["$196", "$57", "$148", "$214"]

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