vas X CIO As the director of capital budgeting for Denver Corporation, you are evaluating two mutually exclusive projects with the following net cash flows: Project X Project 2 Year Cash Flow -$100,000 1 Cash Flow -$100,000 50,000 40,000 30.000 10,000 30,000 40,000 60,000 3 4 10,000 If Denver's cost of capital is 15 percent, which project would you choose? Project X, and Project Zsince both have a positive NPV Project Z. since it has the higher NPV Project Zsince it has the higher IRR Neither project should be chosen Question 33 1 pts