Kosovski Company is considering Projects S and L, whose cash flows are shown below. These projects are mutually exclusive, equally risky, and repeatable. The WACC is 11.50%. Year: 0 1 2 3 4 CF for S: $ (1,175.00) $ 795.00 $ 675.00 CF for L: $ (1,475.00) $ 400.00 $ 500.00 $ 795.00 $ 675.00 What is the crossover rate for Projects S and L? Note: Enter your answer rounded off to two decimal points. Do not enter % in the answer box. For example, if your answer is 0.12345 or 12.345% then enter 12.35 in the answer box.
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