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You are considering the following two mutually exclusive projects. Project A has the initial investment of 200,000 and the cash flows of 120,000, 180,000, and

You are considering the following two mutually exclusive projects. Project A has the initial investment of 200,000 and the cash flows of 120,000, 180,000, and 20,000 for the next three years, respectively. Project B has the initial investment of 400,000, and the cash flows of 270,000, 250,000, and 100,000 for the next three years, respectively. The crossover point for these two projects is ________ percent.

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18.19

27.22

30.23

33.20

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