Consider the following two projects, X and Y: Period Project X Project Y 0 $(100,000) $(120,000) 1 $22,000 $0 2 $22,000 $0 3 $22,000 $0 4 $22,000 $0 5 $45,000 $175,000 Regarding the internal rate of return, which of the following statements is correct? Group of answer choices The internal rate of return of Projects X and Y cannot be determined based on this information. The internal rate of return of Project X is equal to the internal rate of return of Project Y. The internal rate of return of Project X is greater than the internal rate of return of Project Y. The internal rate of return of Project Y is greater than the internal rate of return of Project X.