Question: When considering mutually exclusively: X and Y Projects have these cash flows -- Project X Year 0 - $18,800 Year 1 - $8,500 Year 2

When considering mutually exclusively: X and Y Projects have these cash flows --

Project X

Year 0 - $18,800

Year 1 - $8,500

Year 2 - $5,400

year 3 - $4,700

Year 4 - $3,100

Year 5 - $2,600

Project Y

Year 0 - $23,500

Year 1 - $8,920

Year 2 - $7,092

Year 3 - $6,115

Year 4 - $4,980

Year 5 - $3,206

The discount rate is 8%, what project we choose? Show why please.

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