Ch 11 Problems eBook Pitt Company is considering two alternative investments. The company requires a 12% return from its investments. Neither option has a salvage value. Project X Project Y Initial investment $243,139 $181,712 Net cash flows anticipated: Year 1 82,000 35,000 Year 2 60,000 56,000 Year 3 92,000 73,000 Year 4 81,000 67,000 Year 5 75,000 28,000 A. Compute the IRR for both projects using the IRR spreadsheet function. Project X Project Y % % B. Which project should be recommended