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Rx Systems is considering a project that has the following cash flows for Project X and Y. If these projects are dependent and the cost

Rx Systems is considering a project that has the following cash flows for Project X and Y. If these projects are dependent and the cost of capital is 10%, which project (s) should be accepted? Cost of Capital = 10% Year Project X Project Y 0 -$1,000 -$2,000 1 $500 $1,400 2 $500 $800 3 $500 $400 Answer options: Project X only Project Y only Project X and Y None of them Cannot be determined because modified IRR is not provided.

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