You are a financial analyst for Zero Plus Inc. The director of capital budgeting has asked you to analyze two proposed capital investments, Projects X and Y. Each project has a cost of $12,000 and a cost of capital of 6%. The projects' net cash flows are as follows: YEAR PROJECT X ($) PROJECT Y ($) 0 ($12,000) ($12,000) 1 4,700 3,150 2 2,900 3,150 3 2,900 3,150 4 2,600 3,150 5 1,900 3,150