An analyst has gathered the following data about two projects, each with a 12% cost of capital: Project Y Project Z Initial cost $15,000 $20,000 Life 5 years 4 years Cash inflows $5,000/year $7,500/year 22. Which of the following statements about project Y is least accurate? * A. The discounted payback period is 3 years. B. The IRR of the project is 19.86%; accept the project. C. The NPV of the project is +$3,024; accept the project. D. None of the above. 23. If the projects are independent, the company should: * A. Accept project Y and reject project Z. B. Reject project Y and accept project Z. C. Accept both projects. D. Reject both projects. E. None of the above 24. If the projects are mutually exclusive, the company should: * A. Reject both projects. B. Accept project Y and reject project Z. C. Reject project Y and accept project Z. D. Accept both projects. O E. None of the above