Given the following information for projects $x$ and $Y,$ which one should be chosen and why?

a$.$ Choose Project $x$ as it has a lower equivalent annual cost than Project $Y.$

b$.$ Choose Project $Y$ as it has a lower equivalent annual cost than Project $x.$

c$.$ Choose Project $Y$ as it has a higher equivalent annual benefit than Project $x.$

d$.$ Choose Project $x$ as it has a higher equivalent annual benefit than Project $Y.$

e$.$ Choose Project $Y$ as it has a higher net present value than Project $x.$