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Question 2 2 pts Acme Hotel is attempting to choose the better of two mutually exclusive projects for expanding the hotel's banquet facility. The relevant

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Question 2 2 pts Acme Hotel is attempting to choose the better of two mutually exclusive projects for expanding the hotel's banquet facility. The relevant cash flows for the projects are shown in the following table: Initial investment (CF) Year (t) 1 2 3 4 5 Project X Project Y $500,000 $310,000 Cash inflows (CF) $130,000 $120,000 $130,000 $140,000 $170,000 $85,000 $190,000 $90,000 $240,000 $40,000 The internal rate of return (IRR) of project is: %. Round to two decimals

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