Consider the following two mutually exclusive projects:
Year Cash Flow (X) Cash Flow (Y) 0 –$ 21,000 –$ 21,000 1 9,100 10,600 2 9,600 8,050 3 9,050 8,950 Calculate the IRR for each project. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) IRR Project X 7.43 % Project Y 7.36 % What is the crossover rate for these two projects? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Crossover rate 276.78 % What is the NPV of Projects X and Y at discount rates of 0%, 15%, and 25%? (Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Discount rate Project X Project Y 0% $ $ 15% $ $ 25% $ $