P10-16 (similar to) Question Help IRRMutually exclusive projects Bel Manufacturing is attempting to choose the better of two mutually exclusive projects for expanding the firm's warehouse copoly The relevant cash flows for the projects are shown in the following table: The firm's 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 IRRE b. Which project is preferred? a. The interrat ruto of retur (IRR) of project X is 3% (Round to two decimal places) 1 Data Table (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Project X Project Y Initial investment (CF) $500,000 $370,000 Year (0) Cash inflows (CF) 1 $120,000 $160,000 2 $130,000 $120,000 3 $150,000 $105,000 4 $200,000 $90,000 5 $260,000 $70,000 Print Done