Project X has an initial cost of $20,000 and a cash inflow of $25,000 in Year 3. Project Y costs $40,700 and has cash flows of $12,000,$25,000, and $10,000 in Years 1 to 3 , respectively. The discount rate is 6 percent and the projects are mutually exclusive. Based on the individual project's IRRs you should accept Project ; based on NPV you should accept Project ; the final decision should be to accept Project X;Y;Y Y;X:Y Y; Y; Y X;X;X Y;X;X