You are analyzing the following two mutually exclusive projects and have developed the following information. What is the crossover rate?

Year Project A Project B

0 -$55,000 -$40,000

1 $26,000 $17,000

2 $19,000 $15,000

3 $28,000 $24,000

options

19.71 percent

15.42 percent

21.01 percent

7.73 percent

17.69 percent