Exit, Inc. is evaluating five projects with the following IRRs:

$$Project$$IRR

$$V$8\%$

$$W$10\%$

$$X$12\%$

$$Y$14\%$

$$Z$16\%$

Projects X and Y are mutually exclusive, and Projects V$,$ W$,$ and Z are independent projects. There is no capital constraint, and the WACC is $11\%.$ Which projects should the firm accept?

W$,$ X$,$ Y and Z

Y and Z

X$,$ Y and Z

Only Y