Consider the following two mutually exclusive projects:
Year Cash Flow (X) Cash Flow (Y)
0 −$ 16,300 −$ 16,300
1 6,670 7,210
2 7,250 7,770
3 4,770 3,550
What is the IRR of Project X? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) IRR %
What is the IRR of Project Y? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) IRR %
What is the crossover rate for these two projects? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Crossover rate %