Question: Assume there are two competing projects, X and Y . Project X has a NPV of $ 1 , 5 0 0 and an IRR

Assume there are two competing projects, X and Y. Project X has a NPV of $1,500 and an IRR of 16%. Project Y has a NPV of $1,000 and an IRR of 20%. Which of the following is true?
a. It is not possible to choose between the two projects.
b. Project Y should be chosen because it has a higher IRR.
c. Project X should be chosen because it has a higher NPV.
d. Neither project should be chosen.

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