A firm with a 10 percent cost of capital is evaluating two projects for this year's capital budget. The projects' expected after-tax cash flows are as follows:

Year: 0 1 2 3

Project X: -$15,000 $6,200 $8,300 $57,000

Project Y: -$9,000 $3,700 $3,200 $3,300

If Projects X and Y are mutually exclusive, which ones should the firm adopt?

A. Project X only

B. Project Y only

C. Both projects

D. Neither project