Pitt Company is considering two alternative investments. The company requires a 12% return from its investments. Neither option has a salvage value. Project X Project Y Initial investment $255,080 $181,372 Net cash flows anticipated: Year 1 83,000 35,000 Year 2 58,000 54,000 Year 3 93,000 73,000 Year 4 80,000 69,000 Year 5 77,000 28,000 A. Compute the IRR for both projects using the IRR spreadsheet function. Project X % Project Y % B. Which project should be recommended