Question: Project X & Y has the following cashflow, evaluate the projects using the IRR criteria if the required rate is 16.15%. Should we accept or

Project X & Y has the following cashflow, evaluate the projects using the IRR criteria if the required rate is 16.15%. Should we accept or reject the project and why.

Year Cash Flow (X) Cash Flow (Y)
0 -$20,000 -$20,000
1 8,850 10,100
2 9,100 7,800
3 8,800 8,700

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