A company is evaluating two mutually exclusive projects, Project X and Project Y$.$ Both projects require an initial investment of $$1,000,000.$ The expected annual cash flows for Project X are $$250,000$ for $6$ years, while the expected annual cash flows for Project Y are $$300,000$ for $5$ years. The company's required rate of return is $10\%.$ Which project should the company undertake based on the Net Present Value $($NPV$)$ method? A company is evaluating two mutually exclusive projects, Project X and Project Y$.$ Both projects require an initial investment of $$1,000,000.$ The expected annual cash flows for Project X are $$250,000$ for $6$ years, while the expected annual cash flows for Project Y are $$300,000$ for $5$ years. The company's required rate of return is $10\%.$ Which project should the company undertake based on the Net Present Value $($NPV$)$ method?