Three mutually exclusive processes have projected cash flows as shown below. Based on incremental rate of return analysis, which project should be selected? MARR = 9% Years Process X Process Y Process Z O ($375,000) ($629,500) ($845,000) $69,000 $64,000 $95,000 $73,490 $69,180 $101,830 W $78,236 $174,678 $109,064 4 ($286,315) $180,513 $116,724 $88,550 $86,702 $124,833 va UT . $94,148 ($289,850) $133,416 $100,061 $100,224 $142,498 8 ($309,644) $107,600 ($433,815) $112,900 $115,415 $162,270 10 $119,863 $173,694 $173,018 11 $127,213 $132,462 $184,383 12 $143,159 ($165,572) $196,397 13 $143,159 $151,574 $209,096 14 $151,800 $161,976 $222,517 15 $160,917 $172,982 $236,697 O Reject all of them O Project X Project Y Project Z