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Consider two projects, X and Y. Project X's IRR is 19% andProject Y's IRR is 17%. The projects have the same risk and thesame lives, and each has constant cash flows during each year oftheir lives. If the cost of capital is 10%, Project Y has a higherNPV than X. Given this information, which of the followingstatements is CORRECT? a.The crossover rate must be greater than 10%.b.If the cost of capital is 8%, Project X will have the higherNPV.c.If the cost of capital is 18%, Project Y will have the higherNPV.d.Project X is larger in the sense that it has the higher initialcost.e.The crossover rate must be less than 10%.I know A is correct, but just would like to know the logic to itas I have no idea how the answer is A. Thanks.