Nigel is the financial manager for his firm. He has been investigating two potential projects Project X has a net present value of $36,720 and an IRR of 15%. Project Y has a Net Present value of $42,650, and an IRR a 12%. Which project should Nigel recommend to his management team? a) Project X, because it has an IRR that is greater than project Y Ob) Project Y, because it has a lower IRR and will therefore cost less to fund Project X, because NPV is positive and IRR is greater than project Y d) Project Y, because it has a higher net present value, and NPV trumps IRR