Due to a restricted budget, a company can only undertake one of the following projects: Project X: This project has an initial investment of $700,000 and annual profits of $375,000 in year 1,$400,000 in year 2 and $375,000 in year 3 . Project Y: This project has an initial investment of $700,000 and a profit of $800,000 in year 3. a. Calculate the IRR for Project X. % Round to two decimal places a. Calculate the IRR for Project X. \% Round to two decimal places b. Calculate the IRR for Project Y. \% Round to two decimal places c. Which project should the company undertake