Vital Enterprises is considering two mutually exclusive projects, X and Y. The initial cost for X is $130,000 and for Y it is $200,000. Benefits in the first year are $20,000 for X, increasing at a rate of 8% p.y. Benefits in the first year are $28,000 for Y, increasing at a rate of 10% per year. The life of the project is 10 years. At a MARR of 13%, which project would be worth pursuing using the concept of incremental IRR? x Y Both X and Y are good projects and should be selected Neither X nor Y Vital Enterprises is considering two mutually exclusive projects, X and Y. The initial cost for X is $130,000 and for Y it is $200,000. Benefits in the first year are $20,000 for X, increasing at a rate of 8% p.y. Benefits in the first year are $28,000 for Y, increasing at a rate of 10% per year. The life of the project is 10 years. At a MARR of 13%, which project would be worth pursuing using the concept of incremental IRR? x Y Both X and Y are good projects and should be selected Neither X nor Y