1. A company decide to create a new project which is X and Y. Cost of capital for both project is 15% and these project are mutually exclusive. The projects' expected net cash flows are as follows: Year Project X Project Y (initial outflow) 1 2 (550,000) 110,000 132,000 165,000 209,000 275,000 (358,000) 154,000 132,000 105,000 77,000 55,000 4 5 Find the followings for each project: i) Net Present Value (8 Marks) ii) Internal rate of return. (8 Marks)