You are asked to evaluate the following two projects for the Norton Corporation. Using the net present value method, profitability index, and IRR approach, which project would you select? Use a discount rate of 10 percent.

Project X (Videotapes of the Weather Report) ($10,000 Investment)		Project Y (Slow-Motion Replays of Commercials) ($30,000 investment)
Year	Cash Flow		Year	Cash Flow
1.......................	5,000		1................................	15,000
2.......................	3,000		2................................	8,000
3.......................	4,000		3................................	9,000
4.......................	3,600		4................................	11,000