Question: Consider the following two mutually exclusive projects: Year Cash Flow (X) Cash Flow (Y) 0 $ 19,300 $ 19,300 1 8,675 9,750 2 8,750 7,625

Consider the following two mutually exclusive projects:

Year Cash Flow (X) Cash Flow (Y)
0 $ 19,300 $ 19,300
1 8,675 9,750
2 8,750 7,625
3 8,625 8,525

Calculate the IRR for each project. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)

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