II$)$ Sharpe Enterprises is attempting to select the better of the following two mutually exclusive projects. The initial cash outflow and after$-$tax cash inflows associated with each project are shown in the following table. Assume the cost of capital to be $13\%.(10$ points$)$

Cash Flows

Project $x$

Project Y

Initial cash outflow

$$85,000$

$$135,000$

Cash inflows year $1$ through $5$

$27,000$

$41,000$

Which project would you choose if you use IRR method?

What project would you choose if you use the NPV method?