The cashflows for Project X are:
Yr 0: -$100,000; Yr 1: 40,000; Yr 2: 50,000; Yr 3: 55,000.
The cashflows for Project Y are:
Yr 0: -$120,000; Yr 1: 45,000; Yr 2: 55,000; Yr 3: 70,000.
The crossover rate is _____ and if the required rate is higher than the crossover rate then project _____ should be accepted.
Question 1 options:

9.72%; Y

9.72%; X

9.88%; Y

9.88%; X

10.52%; X