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Handy Enterprises has gathered projected cash flows for two projects

Finance

Handy Enterprises has gathered projected cash flows for two projects.
Year Project I Project J
0 Ac€?o$253,000 Ac€?o$253,000
1 114,700 86,800
2 103,600 99,300
3 87,600 101,300
4 76,600 108,300
 
Requirement 1:

At what interest rate would the company be indifferent between the two projects? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g.,32.16).)

Interest rate %
Requirement 2:
Which project is better if the required return is above this interest rate? J or I
 

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