A firm is considering two mutually exclusive projects. Project X has an initial cost of $$64,230$ and annual cash flows of $$25,200$ for $3$ years. Project Y has an initial cost of $$45,400$ and annual cash flows of $$21,400,$ $$21,900,$ and $$10,200$ for Years $1$ to $3,$ respectively. What is the incremental IRRX$$Y$?$ Which project should be accepted if the discount rate is $9$ percent? Which project should be accepted if the discount rate is $6$ percent?

Multiple Choice

$7\mathrm{.}21\%$; Project X; Project Y

$6\mathrm{.}65\%$; Project X; Project Y

$7\mathrm{.}21\%$; Project Y: Project X

$6\mathrm{.}65\%$; Project Y; Project X

$6\mathrm{.}65\%$; Project X; Project X