9. A company is considering two mutually exclusive projects X and Y. Following are the details available to you: (` in lakhs)

Particulars Project X Project Y Project Cost 3,500 3,500 Cash Inflow: Year 1 500 2,500 Year 2 1,000 2,000 Year 3 1,500 1,000 Year 4 2,250 500 Year 5 3,000 500 Assume no residual value at the end of the fifth year. The firm’s cost of capital is 10%.
You are required to calculate the following in respect of the two projects –

(a) NPV using 10% discounting

(b) IRR

(c) PI