Analytical questions, please give proper interpretation

2. Projects X and Y have the following expected net cash flows: Year 0 1 2 3 4 5 Project X Cash Flow -$700,000 350,000 250,000 250,000 150,000 150,000 Project Y Cash Flow -$700,000 350,000 300,000 300,000 200,000 Both the projects are of the same company, Cosmo Pharma. Suppose Cosmo raised whole fund through issuing stock. They sold the common stock for $59 (additional cost to sell the stock was $2), last dividend paid was $5.5 and growth rate was 3.5%. Now, assume you are a finance manager of the company. Which project you should Choose based on NPV? Would your decision change if payback method was used? Or Discounted Payback period? Which method you think is the best to find out the solution and why? Why you are not choosing the other two methods? Total 20