The Net Present Value Profiles for projects X and Y are shown in the following figure. Assume that these two projects are mutually exclusive. The next two questions pertain to this figure. NPV (5) 10% 20% 30% discount rate (%) Which of the following statements best describes the conclusion that you can draw from the figure if the required rate of return on both projects is greater than 30 percent? a. Project Y is preferred over project X. Project X is preferred over project Y. c. Project X and Y are both unacceptable. d. Project X is acceptable but project Y is unacceptable. Project Y is acceptable but project X is unacceptable. Which of the following statements best describes the conclusion that you can drawf the figure if the required rate of return on both projects is less than 10 percent? Project X is acceptable but project Y is unacceptable. Project Y is acceptable but project X is unacceptable. Cc. Project X is preferred over project Y. Project Y is preferred over project X. Project X and Y are both unacceptable. e. 3. Which of the following statements best describes the conclusion that you can dra the figure if the required rate of return on both projects is equal to 10 percent? Project X and Project Y have equal NPVs. Project X and Project Y have equal EAAs. Project X and Project Y have NPVs equal to $0. Project X and Project Y have equal IRRs. Both Project X and Project Y are unacceptable