Note:Both are subparts of the same question .Do not consider it as separate

Gordon Growth company has identified the two mutually projects. Both project A and B have initial cash outlay of $37,500 and both projects have four years lives. Cash inflows from project A and B over their four years lives are as follows: Project A: 1st year = $17,300; 2nd year = $16,200; 3rd year = $13,800, 4th year = $7,600 Project B: 15 year = $5,700; 2nd year = $12,900; 3rd year = $16,300, 4th year = $27,500 Using IRR decision rule, which project should the company accept? Let a company is considering the purchase of two different pieces of equipment, X and Y. Cash outflows for equipment X are $15,000 in year 0 and $5000 in year 1. Cash outflows for equipment Y are $18,000 in year 0, and $10,500 per year for year 1, 2 and 3. Determine which equipment should the company purchase? Show your workings