What is the interest rate according to the problem?

Handy Enterprises has gathered projected cash flows for two projects. Year 0 1 2 3 4 Project I -$258,000 114,200 104,600 88,600 77,600 Project J -$258,000 89,800 99,800 101,800 108,800 Requirement 1: At what interest rate would the company be indifferent between the two projects? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g.,32.16).) Interest rate % Requirement 2: Which project is better if the required return is above this interest rate? (Click to select)