IRR-Mutually exclusive projects Bell Manufacturing is attempting to choose the better of two mutually exclusive projects for expanding the firm's warehouse capacity. The relevant cash flows for the projects are shown in the following table The fem's cost of capital is 13% a. Calculate the IRR for each of the projects Assess the acceptability of each project on the basis of the IRR b. Which project is preferred? th je hal Data table (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) Project X Initial investment (CF) $500,000 Year (1) 1 2345 2 Print Cash inflows (CF) $140,000 $140,000 $140,000 $200,000 $250,000 Project Y $350,000 Done $150,000 $130,000 $105,000 $80,000 $50,000 X