Question: Consider the following two mutually exclusive projects: Year Cash Flow (X) Cash Flow (Y) 0 -$16,700 -$16,700 1 6,630 7,130 2 7,210 7,810 3 4,730
Consider the following two mutually exclusive projects:
Year Cash Flow (X) Cash Flow (Y)
0 -$16,700 -$16,700
1 6,630 7,130
2 7,210 7,810
3 4,730 3,470
(a)What is the IRR of Project X?
(b)What is the IRR of Project Y?
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