Problem $3_{?}$

You are a financial analyst for Hittle Company. The director of capital budgeting has asked you to analyze two proposed capital investments, Projects X and Y$.$ Each project has a cost of $$10,000,$ and the cost of capital for each project is $12$ percent. The payback cutoff period is $3$ years. The projects' expected net cash flows are as follows:

$\backslash$table$[[$Year$,$Expected Net Cash Flows$],[$Project X$,$Project Y$],[0,($$$10,000),($$$10,000)$