Your firm is considering choosing either Project X or Project Y with the following cash flows:

Year	0	1	2	3	4
Project X	-$150,000	$75,000	$65,000	$55,000	$45,000
Project Y	-$180,000	$90,000	$70,000	$70,000	$50,000

Between a discount rate of ______ and ______ you can be sure your firm should prefer Project Y to Project X.

a. 0%; 14.16%

b.10.25; 22.63%

c. 14.16%; 24.26%

d. 0%; 25%

e. 0%; 10.25%