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  3. 2.project a has an initial cost of $31,000 and gen

2.Project A has an initial cost of $31,000 and generates annual cash savings of $13,000...

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Accounting

2.Project A has an initial cost of $31,000 and generates annual cash savings of $13,000 per year for three years. Project B has an upfront cost of $45,000 but yields higher annual savings of $22,000 for year 1, $20,000 for year 2, and $18,000 for year 3. The projects are mutually exclusive. Calculate the cross-over rate for the two projects (nearest one percent without % symbol, e.g. 25).

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