Question: Sunset Roofing Inc. is considering two independent projects - Project X and Project Y. Project X's required rate of return is 12 percent and Project

Sunset Roofing Inc. is considering two independent projects - Project X and Project Y. Project X's required rate of return is 12 percent and Project Ys required rate of return is 13 percent. Project X costs $80,000 and has cash flows of $21,000, $49,000, and $17,000 for Years 1 to 3, respectively. Project Y has an initial cost of $75,000 and cash flows of $15,000, $18,000, and $46,000 for Years 1 to 3, respectively. Please calculate the NPV and IRR for both projects. Given this information, which project should the company take? Why?

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