A company's manager considers the following projects for future investments. The company's cost of capital is 12%. Year 0 Year 1 Year 2 Year 3 Project X-15,000 8,200 6,000 5,000 Project Y-18,000 8,000 9,100 7,000 Project Z-20,000 5,000 5,000 19,000 Which of the following statements is most likely true? Project Y should be chosen if there is a need for capital rationing. Project X has the highest IRR of all the projects. The manager will be indifferent between Project Y and Project Z if the IRR is the only deciding criterion