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You have two mutually exclusive projects X and Y available. The cash flows relating to these projects are given below: Year Project X Project

You have two mutually exclusive projects X and Y available. The cash flows relating to these projects are given below: Year Project X Project Y 0 -16,000 -16,000 1 6,000 2,000 2 5,000 2,000 3 4,000 3,000 4 3,000 4,000 5 2,000 5,000 6 1,000 7,000 What is the IRR of the Project X?

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