Project X requires 10m Investment and generates 10m in Year 1 and Year 2. Assuming a 10% discount rate, It has an NPV of 7.4 million and Its IRR IS 61.8%. Project Y requires 1m Investment and generates 2m in Year 1 and 1m in Year 2. Using a discount rate of 10%, its NPV and IRR turn out to be 1.6m and 141.4% respectively. If projects with IRRs higher than 20% are acceptable which of the following statements are true? Check all that apply. IRR and NPV give consistent results for which project is best. Both projects would be accepted under IRR. Both projects would be accepted under NPV. Read about this Do you know the answer? I know it Think so Unsure No idea 3. Marielle Machinery Works is considering a project which has an initial investment of E10.155 and has expected cash flows of 7,050 in year 1.12.600 in year 2 and 18,150 in year 3. The company uses the IRR rule to accept or reject projects and has asked for your assessment on what to do if the required rate of return is 20%. Find IRR and make your decision to accept or reject the project b) 19% and accept 19% and reject 50.81% and accept 22% and reject