a. Calculate the IRR for each of the projects. Assess the acceptability of each project on the basis of the IRRs. Data table b. Which project is preferred? a. The internal rate of return (IRR) of project X is \%. (Round to two decimal places.) (Click on the icon here into a spreadsheet.) Is project X acceptable on the basis of IRR? (Select the best answer below.) Yes No The internal rate of return (IRR) of project Y is %. (Round to two decimal places.) Is project Y acceptable on the basis of IRR? (Select the best answer below.) Yes No b. Which project is preferred? (Select the best answer below.)