Question: A company is evaluating two mutually exclusive projects that have similar risk, Project X and Project Y. Both have the same initial cash investment and

A company is evaluating two mutually exclusive projects that have similar risk, Project X and Project Y. Both have the same initial cash investment and both have positive NPVs. Which of the following is a sufficient reason for the company to select Project X over Project Y?

	A.	Project X has both a shorter payback period and a shorter discounted payback period compared to Project Y.
	B.	Project Y has a lower profitability index than Project X.
	C.	Project Y has a lower IRR than Project X.
	D.	None of the above

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