NPV Calculate the net present value (NPV) for a 15-year project with an initial investment of $45,000 and a cash inflow of $7,000 per year. Assume that the firm has an opportunity cost of 14%. Co acceptability of the project. The project's net present value is $ (Round to the nearest cent.) 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 firm's 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.)