Question: Please show step by step work Break even cash flow A company in considering investing in either of two mutually exclusive projects, X and Y

Please show step by step work
Break even cash flow
A company in considering investing in either of two mutually exclusive projects, X and Y. X requires a $39,000 initial investment and Y requires a $34,000 initial investment both are expected to provide constant annual cash flows over their 10 year lives. The cost of capital for the firm is 10 percent, but because stock Y is riskier a return of 14 percent would be required.
What are the breakeven cash inflows for projects X and Y? Which project should be chosen?

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