You Are Analyzing the Following Two Mutually Exclusive Projects and Have

Multiple Choice

You are analyzing the following two mutually exclusive projects and have developed the following information.What is the crossover rate? $$\begin{array} { c c c } \text { Year } & \text { Project A Cash Flow } & \text { Project B Cash Flow } \\0 & - \$ 75,000 & - \$ 75,000 \\1 & \$ 26,300 & \$ 24,000 \\2 & \$ 29,500 & \$ 26,900 \\3 & \$ 45,300 & \$ 51,300\end{array}$$

A) 13.17 percent
B) 13.33 percent
C) 14.32 percent
D) 14.60 percent
E) 15.20 percent