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As a capital budgeting director of Dayton Corporation, you are evaluating two projects with the following net cash flows: Cost of Capital is 11%. Year

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As a capital budgeting director of Dayton Corporation, you are evaluating two projects with the following net cash flows: Cost of Capital is 11%. Year 0 1 2 3 X ($1,000) $150 $680 $550 Y HELLO $800 $500 If Project X and Project Y are mutually exclusive, you should choose project Y when WACC is between and 1; (Choose the best answer) $200 -2.5%; 31% 15.32%; 31% 15.32%; 22.13% 0%; 22.13% 22%; 31% -2.5%: 15.32%

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