You are considering the following two mutually exclusive projects. The crossover rate between these two projects is ___ percent and Project ___ should be accepted if the required return is less than the crossover rate.

Year	Project A			Project B
0		$31,000			$31,000
1		12,000			20,140
2		12,000			10,000
3		20,000			12,160

Multiple Choice

• 11.19%; A

• 19.46%; A

• 17.93%; A

• 17.93%; B

• 11.19%; B