(Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) Project X Project Y Initial investment (CF) $500,000 $330,000 Year (1) Cash inilows (CFt) 1 $100,000 $130,000 2 $120,000 $130,000 3 $140,000 $75,000 4 $210,000 $80,000 5 $230,000 $60,000 AWN Print Done IRR: Mutually exclusive projects Nile Inc. wants to choose the better of two mutually exclusive projects that expand warehouse capacity. The projects' cash flows are shown in the following table: The cost of capital is 16%. 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? a. The intemal rate of return (IRR) of project X is %. (Round to two decimal places.) Is project X acceptable on the basis of IRR? (Select the best answer below.) Yes No The internal rate of return (IRR) of project is %. (Round to two decimal places.) Is project Y acceptable on the basis of IRR? (Select the best answer below.) O Yes b. Which project is preferred? (Select the best answer below.) IRR: Mutually exclusive projects Nile Inc. wants to choose the better of two mutually exclusive projects that expand warehouse capacity. The projects' cash flows are shown in the following table: The cost of capital is 16%. 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? Yes The Intemal rate of return (IRR) of project Y is 1%. (Round to two decimal places.) Is project Y acceptable on the basis of IRR? (Select the best answer below.) Yes O No b. Which project is preferred? (Select the best answer below.) I O A. Project X B. Project Y OC. Neither