12. The DRI Corp. evaluates all new independent projects using the IRR. The company's WACC equals 10%. Two independent projects X and Y are being considered. The riskiness of the two projects implies that they should both be evaluated using the WACC. The IRR's for the projects are 12% (for Project X) and 8% (for Project Y). What should the company's decisions be about these projects?

	a.	Accept both projects
	b.	Reject both projects
	c.	None of the above
	d.	Accept Y but reject X
	e.	Accept X but reject Y