Consider the following projects, X and Y where the firm can only choose one. Project X costs $1500 and has cash flows of $678, $652, $347, $111, $54, $16 in each of the next 6 years. Project Y also costs $1500, and generates cash flows of $738, $693, $405 for the next 3 years, respectively.

NOTE: Current WACC = 10% for Question (A), (B), (C), and (D).

Please explain each questions by the full steps including the formula that are used and variables' value plugged in, and all of inputs for the calculator solutions.

A) Draw the timelines for both projects: X and Y.

B) Calculate the projects