You are evaluating two mutually exclusive projects.

Period Project X Project Y

$0-$$$5,000-$$$4,000$

$1$ $$3,250$ $$3,250$

$2$ $$3,250$ $$2,000$

IRR $19\mathrm{.}43\%22\mathrm{.}17\%$

If your firm has a cost of capital of $10\%,$ which project should you select?

Group of answer choices

Project X

Project Y

Insufficient information to provide an answer