1. You are financial analyst for ABC Electronics Company. The director of capital budgeting has asked you to analyze two proposed capital investment, Project X and Y. Each project has a cost of $15,000, and the cost of capital for each project is 14%. The projects expected net cash flows are as follows YEAR EXPECTED NET CASH FLOWS PROJECT X PROJECT Y ($15,000) ($15000) 0 1 7500 4,500 2 2 4,000 4,500 3 3 4,000 4,500 2,000 3,500 Calculate each project PBP, NPV and PI respectively. Which project or projects should be accepted if they are independent