TRR-Mutually exclusive projects Bell Manufacturing is attempting to choose the better of two mutually exckusive projects for expanding the firm's warehouse capacity. The relevant cash flows for the projects are shown in the following table: The firm's cost of capital is 14%. 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? 2. The internal rate of retum (IRR) of project X is %. (Round to two decimal places.) la project X acceptable on the basis of IRR? (Select the best answer below.) No Yes The internal rate of retum (IRR) of project is % (Round to wo decimal places) is project acceptable on the basis of RR? (Select the best answer below) No IRR-Mutually exclusive projects Bell Manufacturing is attempting to choose the better of the capacity. The relevant cash flows for the projects are shown in the following table: . The fir a. Calculate the IRR for each of the projects. Assess the acceptability of each project on the bas b. Which project is preferred? The internarrate or return (IRR) or project is %. (Round wo wo decimar places.) Is project Y acceptable on the basis of IRR? (Select the best answer below.) Yes b. Which project is preferred? (Select the best answer below.) A. Neither OB. Project OC. Project X (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 $320,000 Year (1) Cash inflows (CF) 1 $130,000 $150,000 2 $150,000 $130,000 3 $140,000 $ 105,000 $210,000 $80,000 5 $250,000 $40,000 (Sell 4