You are considering two mutually exclusive projects. Both projects cost $100,000. However, the following are the positive cash flows associated with the two projects: Project X Project Y Year 1 50,000 30,000 Year 2 40,000 30,000 Year 3 40,000 30,000 Year 4 30,000 Year 5 30,000 Which of the following statements is most correct if the cost of capital is 10%? Option A Accept project Y because its equivalent annual annuity is highest Option B Accept project Y as it has the highest net present value Option C Accept project X because its equivalent annual annuity is lowest Option D Accept both projects as they both have positive net present values Continue