[Please Show all work (including time line) for full credit] 1. The following cash flows are given for the Project Z CO C1 C2 C3 C4 -$7000 +$3,000 $4,000 $6,000 +$2,500 C5 +$2,000 Calculate the following: (a) NPV (Net Present Value) at 12% discount rate (b) IRR (Internal Rate of Return) (c) The payback period for Project (2) 2. The following cash flows are give for the two mutually exclusive projects X and Y. The project X requires an initial investment of $12,000 in time 'o'and project Y needs an initial investment of $10,000 in time 'O'. Year Project x Project Y 1 $4,500 $9,000 2 6,000 5,000 3 7,500 4.500 4 9,000 3,000 5 5,000 4,000 (a) Calculate the NPV for each project using a discount rate of 12%. (b) State your accept/reject decision (c) What would be your accept/reject decision if they were to be independent projects