Consider the following two sets of project cash flows: Year 0 Year 1 Year 2 Year 3 Project X Y -800 -500 140 190 150 190 190 90 Year 4 250 80 Year 5 290 90 Year 6 280 92 Discount Rate 0.123 0.123 What are the incremental IRR and NPV of Project X? Is the use of the incremental measures in B) appropriate to your evaluation of the preferred project? Explain. Which is the preferred project? Explain and justify the basis for your choice. Consider the following two sets of project cash flows: Year 0 Year 1 Year 2 Year 3 Project X Y -800 -500 140 190 150 190 190 90 Year 4 250 80 Year 5 290 90 Year 6 280 92 Discount Rate 0.123 0.123 What are the incremental IRR and NPV of Project X? Is the use of the incremental measures in B) appropriate to your evaluation of the preferred project? Explain. Which is the preferred project? Explain and justify the basis for your choice.