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Use the following after-tax cash flows for project A and B to answer the next question: (Numbers in parentheses are negative cash flows) These two

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Use the following after-tax cash flows for project A and B to answer the next question: (Numbers in parentheses are negative cash flows) These two projects are mutually exclusive, Year Cash Flow of A Cash Flow of B 0 ($6000) ($600) 1 $1000 $300 2 $1000 $300 3 $1000 ($100) 4 $1000 $400 5 $5000 ($100) What is the approximate crossover point between the two projects if the required rate of return is 9%? O 11.13% O 13.24% O 12.94% O e) There is no crossover point in this case since project B is nonnormal. O 14.09%

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