You face three mutually exclusive projects (i.e., you can only pick one). Project X has NPV of $55,000, IRR of 17%, and payback period of 3 years. Project Y has NPV of $60,000, IRR of 16%, and period of 6 years. Project Z has NPV of $45,000, IRR of 25%, and payback period of 2.5 years. Which project would you choose? Explain your reasoning (no reasoning means no credit).