The AAA company has potential investment projects X and Y. These are mutually exclusive projects.

Project X has a net present value (NPV) of +$500,000 and an internal rate of return (IRR) of 16%.

Project Y has a net present value (NPV) of +$240,000 and an internal rate of return (IRR) of 24%.

The correct decision for the company is to _____.

accept only project X

accept only project Y

accept project X and accept project Y

reject project X and reject project Y