23. A firm with a cost of capital of 7% will make a decision about two mutually exclusive projects. Project X requires an initial investment of $36,000 today and is expected to generate $16,000 for the next 18 years. Project Y requires an initial investment of $39,000 and is expected to generate $13,800 for the next 18 years. The firm will choose ___________, which has an NPV of ____________ .

Project Y; $99,815

Project X; $124,945

Project X; $102,809

Project Y; $124,945

Project X; $131,192