Score: 0 of 1 pt 8 of 9 (3 complete) HW Score: 22.22%, 2 of 9 pts P10-19 (similar to) Question Help NPV and IRR Benson Designs has prepared the following estimates for a long-term project it is considering. The initial investment is $22,570, and the project is expected to yield after-tax cash inflows of $7,000 per year for 5 years. The firm has a cost of capital of 15%. a. Determine the net present value(NPV) for the project. b. Determine the internal rate of retum (IRR) for the project. c. Would you recommend that the firm accept or reject the project? a. The NPV of the project is s (Round to the nearest cent.) P10-16 (similar to) Question Help 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 ae shown in the following table: . The firm's cost of capital is 16%. 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.) Data Table (Click on the icon lccated on the top-right comer of the data table below in order to copy its contents into a spreadsheet.) Project Project Y Initial investment (CFo) $500,000 $320,000 Year (t) Cash inflows (CF) 5140,000 $130,000 $150,000 $120,000 160,000 $75,000 200,000 80,000 ST0,000 $270,000 Print Done