Projects X and Y are mutually exclusive. The required return is 10%. Year Cash Flow (X) Cash Flow (Y) 0 - 175,000 -20,000 1 85,000 10,000 2 35,000 10.000 3 125,000 10,000 If you apply the IRR criterion, which investment will you choose? Why? O A) Project X because IRR is greater than 10% and higher. OB) Project Y, because IRR is positive and higher. OC) Project X, because IRR is positive and higher. D) Project Y, because IRR is greater than 10% and higher. E) Both projects X and Y, because IRR is greater than 10%