Which of the following is correct explanation of 10% discount rate?

It is the discount rate that makes NPV of project 1 equal to NPV of project 2.
	It is the discount rate for which neither projects should be undertaken.
	It is the discount rate for which project 1 should be chosen over project 2.
	It is the cross over rate where NPV of project 1 is greater than NPV of project 2.

NPV 10% 24% Discount Rate 14% Project 1 Project 2