The definition of NMSE (normalized mean square error)
Solution 1:
$NMSE$ is the $MSE$ normalized by signal power. $NMSE=\textbf{E}^T.\textbf{E}/\textbf{X}^T.\textbf{X}$, where $\textbf{X}$ and $\textbf{E}$ are the column vectors of input and error signals, respectively. This is known as MSE normalized by signal power. Consider "the 1/N in the numerator and denominator cancel each other," as Evan said earlier.
Solution 2:
That sounds right to me.
FWIW, you probably would've gotten a faster answer on dsp.stackexchange.com