7 of 9 (8 complete) HW Score: 50.93%, 4.58 of 9 pts Score: 0 of 1 pt P10-16 (similar to) Question Help IRR-Mutually exclusive projects Bell Manufacturing is attempting to choose the better of two mutually exclusive projects for expanding the firm's warehouse capacity. The relevant cash flows for the projects are shown in the following table: The firm's cost of capital is 17%. a. Calculate the IRR for each of the projects. Assess the acceptability of each project on the basis of the IRRs. b. Which project is preferred? i Data Table a. The internal rate of return (IRR) of project X is 26.41 %. (Round to two decimal places.) Is project X acceptable on the basis of IRR? (Select the best answer below.) (Click on the icon located on the top-right corner of the data table below in order to Yes copy its contents into a spreadsheet.) O No Project X Project Y Initial investment (CF) $400,000 $310,000 The internal rate of return (IRR) of project Y is %. (Round to two decimal places.) Year (1) Cash inflows (CF) $140,000 $120,000 $120,000 $110,000 $140,000 $105,000 $180,000 $60,000 Enter your answer in the answer box and then click Check Answer. $240.000 $70,000 UWN parts 2 remaining Print Done