You are evaluating two projects with the following cash flows:
Year Project X Project Y 0 ?$549,600 ?$518,500 1 218,200 207,900 2 228,100 217,700 3 235,300 225,600 4 195,000 186,400
What is the crossover rate for these two projects?
10.03%
22.01%
11.03%
22.69%
.68%
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