Calculate the following from the information provided below: 5.2.1 Internal Rate of Return of Project Y (answer expressed to two decimal places). 5.22 Return on average investment of Project X (answer expressed to two decimal places). (5) INFORMATION Two projects are being evaluated for possible acquisition by Mobray Corporation. Forecasts relating to the two projects are as follows: Project X Project Y Initial investment R1 000 000 R1 000 000 Expected useful life 5 years 5 years Depreciation per year R200 000 R200 000 Estimated salvage value 0 0 Net cash flows: R R Year 1 300 000 220 000 Year 2 300 000 280 000 Year 3 300 000 400 000 Year 4 300 000 420 000 Year 5 300 000 200 000 The cost of capital is 15%