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

$18\%.$

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 internal rate of return $($IRR$)$ of project $x$ is

$\%.($Round to two decimal places.$)$

Data table

$($Click on the icon here $$ in order to copy the contents of the data table below

into a spreadsheet.$)$