A firm with a cost of capital of 4% have two mutually exclusive projects. Project X requires an initial investment of $35,000 today and is expected to generate $15,000 for the next 10 years. Project Y requires an initial investment of $38.000 and is expected to generate $17.500 for the next 10 years. The firm will choose Project X, which has an NPV of $103,941 Project Y, which has an NPV of $110.177 Project, which has an NPV of $94463 both projects, with NPV of 586,663 for Project X and $103.941 for Project Project Y which has an NPV of $103.941