Can you find a discount rate that will make Project X's NPV and Y's NPV equal to each other? Assume two projects are mutually exclusive.
Year Project X Project Y
0 -$41,000 -$41,000
1 11,000 16,000
2 9,000 6,000
3 10,000 7,000
A.
14.51%
B.
13.07%
C.
-8.31%
D.
12.55%