Project X and Project Y are mutually exclusive projects. IRR on both projects is 15%. WACC on Project X is 11% whereas WACC on Project Y is 7%. Based on this information, make a decision about these projects. Accept means you accept a project; Reject means you reject a project, and Insufficient Information means that you need to have additional information to make a decision on one or both of the projects. There is no need to perform any mathematical calculations to answer this question. Accept X; Reject Y Insufficient information Accept X: Accept Y Reject X; Reject Y