Consider the Following Two Mutually Exclusive Projects What Is the Crossover Rate for These Two Projects?
A)8

Multiple Choice

Consider the following two mutually exclusive projects: $$\begin{array} { l c c } \underline { \text { Year } } & \underline { \text { Cash Flow (A) } } & \text { Cash Flow (B) } \\0 & - \$ 10,110 & - \$ 10,110 \\1 & \$ 5,200 & \$ 4,300 \\2 & \$ 3,373 & \$ 3,543 \\3 & \$ 4,473 & \$ 5,343\end{array}$$ What is the crossover rate for these two projects?

A) 8.22 percent
B) 8.48 percent
C) 8.71 percent
D) 8.75 percent
E) 8.94 percent