ABC Corp is evaluating two exclusive projects. Project X requires an initial investment of $15,000, with cash inflows of $5,000, $7,000, and $8,000 over the next three years. Project Y requires an initial investment of $30,000, with cash inflows of $10,000, $12,000, $14,000, and $16,000 over the next four years. Assuming a discount rate of 10%, determine the Net Present Value (NPV) of both projects and decide which project ABC Corp should undertake.

Requirements:

1. Calculate the NPV of Project X.
2. Calculate the NPV of Project Y.
3. Compare the NPVs and recommend which project to undertake.