You must analyze two projects, X and Y. Each project costs $10,000, and the firm's WACC is 12%. The expected cash flows are as follows: Year Project X Project Y 0 - 10,000 -10,000 6,500 3,500 2 3,000 3,500 3 3,000 3,500 4 1,000 3,500 a) Calculate each project's NPV, IRR, payback, and discounted payback. b) Which project(s) should be accepted if they are independent? c) Which project(s) should be accepted if they are mutually exclusive