I am looking for Option 1.

Option 1) Open a second location in another town . . It will cost $200,000 to build and open the new restaurant (initial investment) The new restaurant will generate an additional $20,000 a year for 15 years. To raise capital, you will issue $120,000 in bonds (debt) that will have a yield of 8% and you will issue common equity in your company with a required return of 10%. Your applicable tax rate will be 25% . Option 2) Open two new food trucks, one to see your food outside of sporting events in Nashville and one you part outside of the UT-Martin campus. o It will cost $80,000 to build and open the new food truck (initial investment) The new restaurant will generate an additional $15,000 a year for 10 years. To raise capital, you will issue $120,000 in bonds (debt) that will have a yield of 8% and you will issue common equity in your company with a required return of 10%. Your applicable tax rate will be 25% . Provide the WACC, IRR, Payback period, and NPV for each investment option. If these two investments are mutually exclusive due to you only having ugh money to choose one of the two projects, which would you invest in? Why