You are deciding to choose between two mutually exclusive projects a. optioni: project X will cost $6,000 to install and $3200 a to run year and will last for three years b. option 2: project will cost $7,000 to install and $2900 a to run year .and will last for four years Let the WACC = 0.07 Estimate the NPV of project X Estimate the equivalent annuity cost of project x Estimate the NPV of project . Estimate the equivalent annuity cost of project Y Which option would you choose option lor2