Your company is evaluating Projects X and Y with the following cash flows: Project X: requires an initial investment of $2,000,000 and will have subsequent positive cash flows of $550,000 per year for 7 years. Project Y: requires an initial investment of $2,000,000 and will have subsequent positive cash flows of $500,000 per year for 9 years. A) What is the NPV for Project X assuming a 8% hurdle rate? B) What is Project Xs IRR ? C) What is Project Y's IRR? D) Assuming IRR is your only criteria for evaluating the projects, what project would you choose