9- Project X requires pounds 10m investment and generates pounds 10m in Year 1 and Year 2. Assuming a 10% discount rate, it has an NPV of pounds 7.4m, and its IRR is 61.8%. Project Y requires pounds 1m investment and generate pounds 2m in Year 1 and Year 2. Using a discount rate of 10%, its NPV and IRR turn out to be pounds1.6m and 141.4%, respectively. If projects with IRRs higher than 2096 are acceptable, which of the following statements are true? a) IRR and NPV give consistent results for which project is best b) Both projects would be accepted under IRR C) Both Projects would be accepted under NPV d) Both projects would be accepted under NPV and Both projects would be accepted under IRR