You are a financial analyst for ABC Company. The director of capital budgeting has asked you to analyze two proposed capital investments for project X. The project has a cost of Tk. 30,000 and the expected net cash flows are as follows: Expected Net Cash Flows Year Project X 0 Tk. (30000) 1 8000 2 12000 3 18000 4 21000 1) Calculate the IRR for the project 1) Would you accept the project if the cost of capital is 13%? 111) Why NPV is superior to IRR