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?

Data table

$($Click on the icon here in order to copy the contents of the data table bel into a spreadsheet.$)$

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