Present value of $1

Periods	6%	8%	10%	12%	14%	16%
1	0.94340	0.92593	0.90909	0.89286	0.87719	0.86207
2	0.89000	0.85734	0.82645	0.79719	0.76947	0.74316
3	0.83962	0.79383	0.75131	0.71178	0.67497	0.64066
4	0.79209	0.73503	0.68301	0.63552	0.59208	0.55229
5	0.74726	0.68058	0.62092	0.56743	0.51937	0.47611
6	0.70496	0.63017	0.56447	0.50663	0.45559	0.41044
7	0.66506	0.58349	0.51316	0.45235	0.39964	0.35383
8	0.62741	0.54027	0.46651	0.40388	0.35056	0.30503
9	0.59190	0.50025	0.42410	0.36061	0.30751	0.26295
10	0.55839	0.46319	0.38554	0.32197	0.26974	0.22668

Present value of an annuity of $1

Periods	6%	8%	10%	12%	14%	16%
1	0.94340	0.92593	0.90909	0.89286	0.87719	0.86207
2	1.83339	1.78326	1.73554	1.69005	1.64666	0.74316
3	2.67301	2.57710	2.48685	2.40183	2.32163	0.64066
4	3.46511	3.31213	3.16987	3.03735	2.91371	0.55229
5	4.21236	3.99271	3.79079	3.60478	3.43308	0.47611
6	4.91732	4.62288	4.35526	4.11141	3.88867	0.41044
7	5.58238	5.20637	4.86842	4.56376	4.28830	0.35383
8	6.20979	5.74664	5.33493	4.96764	4.63886	0.30503
9	6.80169	6.24689	5.75902	5.32825	4.94637	0.26295
10	7.36009	6.71008	6.14457	5.65022	5.21612	0.22668

Layton Company is considering two competing projects that will change its current manufacturing process. The after-tax cash flows associated with the two investments are as follows:

Year	Project X	Project Y
0	$(69,000)	$(285,000)
1	---	159,820
2	83,490	159,820

The company's cost of capital is 10%.

A. Compute the net present value for Project X. (Round answer to the nearest dollar.) $__

B. Compute the net present value for Project Y. (Round answer to the nearest dollar.) $__

C. Compute the internal rate of return for Project X. (Round discount factor to five decimal places.) $___

D. Compute the internal rate of return for Project Y. (Round discount factor to five decimal places.) $___