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Cooper Corporation must evaluate two capital expenditure proposals. Cooper's hurdle rate is 1 0 % . Data for the two proposals follor table [

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Cooper Corporation must evaluate two capital expenditure proposals. Cooper's hurdle rate is 10%. Data for the two proposals follor
\table[[,Proposal X,Proposal Y],[Required investment,170,000,170,000],[Annual after-tax cash inflows,37,000,],[After-tax cash inflows at the end of years 3,6,9, and 12,,109,000],[Life of project,12 years,12 years]]
What is the internal rate of return for Proposal X? For Proposal Y?
Use Excel to compute your answers.
Round answers to the nearest whole percentage (ex: 0.1854=19%)
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