Afirm with a 12% WACC is evaluating two projects for its current year's capital budget. The after tax cash flows are as follows: Year Project X Project Y -$45,000 -$98,000 $15,000 $20,500 $16.000 $20,500 $17,000 $20,500 $18,000 $20,500 $19.000 $20.500 1. Calculate NPV, IRR, MIRR, payback, and discounted payback for each project. 2. Assuming the projects are independent, which one(s) would you recommend 3. If the projects are mutually exclusive, which would you recommend? 14. Compute the MIRR for these projects. Afirm with a 12% WACC is evaluating two projects for its current year's capital budget. The after tax cash flows are as follows Year Project X Project Y -$45,000 -$98,000 $15,000 $20,500 $ 16,000 $20,500 $17,000 $20,500 $18,000 $20,500 $19.000 $20,500 1. Calculate NPV, IRR. MIRR, payback and discounted payback for each project 2. Assuming the projects are independent, which one(s) would you recommend? 3. If the projects are mutually exclusive, which would you recommend 4. Compute the MIRR for these projects