Consider the following projects, X and Y where the firm can only choose one. Project X costs
$1500 and has cash flows of $678, $652, $347, $111, $54, $16 in each of the next 6 years.
Project Ý also costs $1500, and generates cash flows of $738, $693, $405 for the next 3 years,
respectively. WACC=11%.
A) Plot NPV profiles for the two projects. Identify the projects' IRRs on the graph.