1. As the director of capital budgeting for ABC Corporation, you are evaluating two mutually
exclusive projects with the following net cash flows:. If ABC's cost of capital is 16 percent,
which project would you choose? Why? (please use numbers to justify your answer)
	Project X	Project Y
Year	Cash Flow	Cash Flow
0	-100,000	-100,000
1	50,000	10,000
2	40,000	30,000
3	30,000	40,000
4	10,000	60,000

Please solve using excel