Matterhorn Mountain Gear is evaluating two projects with the following cash flows:
YearProject XProject Y0−$ 317,600−$ 295,9001147,000137,7502164,500154,9503129,600120,700
What interest rate will make the NPV for the projects equal?
Multiple Choice
13.36%
18.80%
19.20%
11.88%
.40%