Weekend Warriors, Inc., has 30% debt and 70% equity in its capital structure. The firm's estimated after-tax cost of debt is 9% and its estimated cost of equity is 16%. Determine the firm's weighted average cost of capital (WACC). Weekend Warriors' weighted average cost of capital (WACC) is \%. (Round to two decimal places.) IRR: Mutually exclusive projects Nile Inc. wants to choose the better of two mutually exclusive projects that expand warehouse capacity. The projects' cash flows are shown in the following table: The 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? a. The internal rate of return (IRR) of project X is \%. (Round to two decimal places.) Is project X acceptable on the basis of IRR? (Select the best answer below.) \begin{tabular}{l} No \\ \hline Yes \\ \hline \end{tabular} The internal rate of return (IRR) of project Y is %. (Round to two decimal places.) Is project Y acceptable on the basis of IRR? (Select the best answer below.) Yes No b. Which project is preferred? (Select the best answer below.) A. Project X B. Neither C. Project Y Data table (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.)