Internal Rate of Return Analysis Cooper Corporation must evaluate two capital expenditure proposals. Cooper's hurdle rate is 10%. Data for the two proposals follow 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%) Proposal 96 Proposal Y 96