Your company is considering two mutually exclusive projects, X and Y whose costs and cash flows are shown below. Assume that the projects are equally risky, and their cost of capital is 12%. Year Project X Project Y 0 $(5,000 $(5,000) 1 1,000 4,500 2 1,500 1,500 3 2,000 1,000 4 4,000 500 Calculate the net present value (NPV) and profitability index (PI) of both projects. Based on the NPV and PI selection criteria, which project would you choose? Why