Matterhorn Mountain Gear is evaluating two projects with the
following cash flows:
Year | Project X | Project Y | ||||
0 | −$320,800 | −$301,500 | ||||
1 | 145,400 | 136,950 | ||||
2 | 162,900 | 154,150 | ||||
3 | 128,000 | 119,900 | ||||
What interest rate will make the NPV for the projects equal?
17.47%
13.31%
14.97%
.16%
17.63%
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