2. A company is considering two investment projects whose expected net cash flows are as follows: 5 2 Year Expected cash flows X Y 0 -10,000 -10,000 1 6,500 3,500 3,000 3,500 3 3,000 3,500 4 1,000 3,500 Assume the relevant cost of capital is 13%. Requirements: Calculate a) The NPV for the projects. b) The IRR & MIRR of the projects. c) Which project or projects should be accepted if they are independent? d) Which project should be accepted if they are mutually exclusive