### Capital Budgeting

Suppose Projects A and B have the Co and C1 after tax net cash flows shown below. The Net Present Value Profiles for Project's A and B will cross over one another at what approximate discount rate? Project Co C1 A -500 +700 B -1000 +1300 A) 0 % B) 10% C) 16.67% D) 20% E) 21.37% F) No cross