Question: CREDIT ONLY GIVEN FOR WORK SHOWN IN EXCEL AND SHOW FORMULAS. THANKS! Two projects, X and Y, are mutually exclusive. Project X Project Y $10.0

CREDIT ONLY GIVEN FOR WORK SHOWN IN EXCEL AND SHOW FORMULAS. THANKS!CREDIT ONLY GIVEN FOR WORK SHOWN IN EXCEL AND SHOW FORMULAS. THANKS!

Two projects, X and Y, are mutually exclusive. Project X Project Y $10.0 million $11.5 million 1.9 million 8.0 million First Cost Annual benefit Annual cost Life (years) 0 5.8 million 20 20 Using Benefit-Cost ratio, determine which project should be funded if the MARR is 10%. Use incremental analysis. The Annual cost' is a dis- benefit. Enter the incremental B/C ratio in the box below with a precision of 0.01. Show your work and identify which project should be funded in your spreadsheet

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