Project A has a $500 investment and cash inflows of $200, $250 and $300 in years 1-3. Project B has a $400 investment and cash inflows of $300, $100 and $200 in years 1-3. Given this information, calculate its cross-over IRR.
a. 12.46%
b. 11.46%
c. 14.46%
d. 13.46%
e. 10.46%
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