The Cross over reflect the level of discount rate at which the NPV of two different projects will be equal. It is the rate of discount at which the NPV curve of two different project Intersect.
If two projects have equal cost of investment or size of project, then the both will start from the same point on Y axis and NPV curve will not interesect.
Also if the cash inflow of two projects will be same , then incremental cash inflow will be zero and therefore will not have cross over rate.
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