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 greater than the crossover rate.

Year Project A Project B

0 $-23,000 $23,000

1 8,000 16,060

2 8000 6000

3 16000 8080

A. 12.31% B

B. 16.22% B

C. 17.48% A

D. 16.22 A

E. 12.31% A