Due to a restricted budget, a company can only undertake one of the following projects: Project X: This project has an initial investment of $750,000 and annual profits of $375,000 in year 1,$425,000 in year 2 and $325,000 in year 3 . Project Y : This project has an initial investment of $750,000 and a profit of $850,000 in year 3 . a. Calculate the IRR for Project X. b. Calculate the IRR for Project Y. % Round to two decimal places c. Which project should the company undertake