Kowus Plc is comparing two mutually exclusive projects, whose details are given below. The company's cost of capital is 12 per cent Year Project X Project Y 0 (150,000) (152,000) 1 30,000 40,000 2 25,000 35,000 3 30,000 30,000 4 35,000 27,000 5 40,000 25,000 Required: (a) Using the net present value method, which project should be accepted? (10 marks) (b) Using the internal rate of return method, which project should be accepted? (10 marks)