> A Moving to another question will save this response. Question 22 Consider the following mutually exclusive projects: If the required rate of return is 12% then which project will you choose? (Hint: and underline the clues) Year 0 Year 1 Year 2 Year 3 Year 4 NPV IRR Payback (pre- set limit: 3 years) 3 years ????? Project X 63,500 Project Y -71,200 15,000 12,000 21000 27000 33000 32000 52000 67000 $23,169.62 7777? 222 24.70% You will choose project X, since it has a higher NPV of $23,169.62 than project Y. You will choose project Y, because it has a higher IRR of 24.70% than project X You will choose Y, because it has a higher NPV than project X You will choose project X because the pay back period is within the pre-set limit and the IRR is higher than project Y