You are deciding to choose between two mutually exclusive projects. a option project X will cost $6,000 to install and $3300 a to run year and will last for three years. b. option 2 project Y will cost $7,000 to install and $2600 a to run year and will last for four years Let the WACC = 0.08 Estimate the NPV of project X Estimate the equivalent annuity cost of project X Estimate the NPV of project Y. Estimate the Equivalent annuity cost of project Y. Which option would you choose option 1 or 22