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You are evaluating two projects with the following cash flows: Year Project X Project Y 0 $542,400 $512,500 1 219,400 209,100 2 229,300 218,900 3

You are evaluating two projects with the following cash flows:

Year Project X Project Y
0 $542,400 $512,500
1 219,400 209,100
2 229,300 218,900
3 236,500 226,800
4 196,200 187,600

What is the crossover rate for these two projects?

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