Consider the following projects, X and Y where the firm can only choose one. Project X costs $600 and has cash flows of $400 in each of the next 2 years. Project Y alsocosts $600, and generates cash flows of $500 and $275 for the next 2 years, respec- tively. Which investment should the firm choose if the cost of capital is 25 percent? a. Project Y. b. Project X. c. Neither. d. Not enough information to tell.