Your division is considering two investment projects, each of which requires an up-front expenditure of $25 million. You estimate that the cost of capital is 12% and that the investments will produce the following after-tax cash flows (in millions of dollars):

year	Project A	Project B
1	5	20
2	10	10
3	15	8
4	20	6

What is the crossover rate? Round your answer to two decimal places. %

If the cost of capital is 12%, what is the modified IRR (MIRR) of each project? Round your answers to two decimal places. Project A % Project B %