David Ding is evaluating two conventional, independent capital budgeting projects (X and Y)

by making use of the risk-adjusted discount rate (RADR) method of analysis.Projects X and Y have internal rates of return of16 percent and12 percent, respectively. The RADR appropriate to Project X is18 percent, while Project Y's RADR is only10 percent. The company's overall, weighted-average cost of capital is14 percent. David should:

accept Project X and accept Project Y.

accept Project X and reject Project Y.

reject Project X and accept Project Y.

reject Project X and reject Project Y.