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Question 23 3 pts Project X is expected to generate cash flows of $5,000 per year for 5 years and its initial cost is $17,000.

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Question 23 3 pts Project X is expected to generate cash flows of $5,000 per year for 5 years and its initial cost is $17,000. Project Y is mutually exclusive to Project S. Project Y costs $30,000, and its expected cash flows would be $8,750 per year for 5 years. If both projects have a WACC of 12%, what is the IRR of the better project? 14.85% 13.65% 14.05% 12.00% 14.40%

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