a) b) QUESTION 4 Atron Berhad is considering two projects, Project Y and Project X. The relevant cash flows for both projects are summarized as follows: Initial Outlay Cash Inflow Year 1 Year 2 10 Year 3 Year 4 Year 5 Project Y 130,000 30,000 35,000 40,000 45,000 50,000 Project X 150,000 45,000 45,000 45,000 45,000 45,000 BM/JUN 2014/FIN420/540 3 15/45 Given that the company's cost of capital is 10 percent, determine both projects' payback period, Net Present Value and Profitability Index. (12 arks) Calculate the Internal Rate of Return for project X only. Do interpolation. If the projects are both independent and company uses Profitability evaluation tool, which project should the company choose? Why? Index as an (6 marks) (2 marks)