Project X has a net present value (NPV) of $68.87 thousand and an internal rate of return (IRR) of 30.85% while Project Y has a net present value (NPV) of $74.10 thousand and an internal rate of return (IRR) of 21.95%. If these projects are independent and the company's WACC is 6%, what should the company do?

Take neither of the projects

Take only Project X because it has the higher IRR

Take only Project Y because it has the higher NPV

Take both of the projects because their NPVs are positive and their IRRs exceed the WACC