Question: Which mutually exclusive project should be selected, based on a 15% cost of capital and the following: Project X's IRR = 16%; Project Y's IRR

Which mutually exclusive project should be selected, based on a 15% cost of capital and the following: Project X's IRR = 16%; Project Y's IRR = 13%; Incremental Project (Y-X's) IRR = 18%; or none of them?

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