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 $12\%.$

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.$)$

$\backslash$table$[[,$Project $x,$Project $Y$