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of 4 Project X: This project has an initial investment of $750,000 and annual profits of $400,000 in year 1, $350,000 in year 2 and

of 4 Project X: This project has an initial investment of $750,000 and annual profits of $400,000 in year 1, $350,000 in year 2 and $300,000 in year 3. Project Y: This project has an initial investment of $750,000 and a profit of $1,200,000 in year 3. a. Calculate the IRR for Project X 16.40 % E Round to two decimal places b. Calculate the IRR for Project Y

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