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  3. project x's irr is 29% and project y's irr is 20%.

Project X's IRR is 29% and Project Y's IRR is 20%. The projects have the...

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Finance

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Project X's IRR is 29% and Project Y's IRR is 20%. The projects have the same risk and the same lives, and each has constant cash flows during each year of their lives. If the WACC is 15%, Project Y has a higher NPV than X. Given this information, which of the following statements is CORRECT? The crossover rate must be greater than 15%. The crossover rate must be less than 15%. If the WACC is 25%, Project Y will have the higher NPV. If the WACC is 10%, Project X will have the higher NPV

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