ABC Autos is considering two mutually exclusive projects, project X and project Y. They have determined that the crossover rate for these projects is 14.2 percent. Project X has an internal rate of return (IRR) of 17.4 per cent and Project Y has an IRR of 18.3 per cent. Given this information, which one of the following statements is correct? (a) Project X should be accepted as its IRR is closer to the crossover point than is Project Y's IRR. (b) Neither project should be accepted since both of the project's IRRs exceed the crossover rate. (c) You cannot determine which project should be accepted given the information provided. (d) Both projects should be accepted as both of the project's IRRs exceed the crossover rate. (e) Project Y should be accepted as it has the higher IR