business math

Question 3 of 4 Due to a restricted budget, a company can only undertake one of the following projects: Project X: This project has an initial investment of $850,000 and annual profits of $375,000 in year 1, $350,000 in year 2 and $325,000 in year 3. Project Y: This project has an initial investment of $850,000 and a profit of $1,200,000 in year 3. Question 3 of 4 a. Calculate the IRR for Project X. % Round to two decimal places b. Calculate the IRR for Project Y. % Question 3 of 4 b. Calculate the IRR for Project Y. % Round to two decimal places c. Which project should the company undertake? (click to select)