10. Bonson Publishing Company is considering two investments, Projects X and Y. You are a finance analyst of the company and your director of capital budgeting has asked you to analyze the two investments. The projects' expected net cash flows are as follow:- Year 1 2 3 4 Expected Net Cash Flow Project X Project Y RM RM 6,500 3,500 3,000 3,500 3,000 3,500 1,000 3,500 Additional Information:- >> Each project has a cost of RM10,000. >> The cost of capital for each project is 12%. a) Calculate the net present value for each project b) Which project would you recommend? Explain with reason. 11. The expected cash flow details for two projects are as follows: Year 0 1 2 3 4 Expected Cash Flow (RM) Project A Project B (18,000) (24,000) 4,000 10,000 10,000 8,000 2,000 12.000 8,000 4,000 The company's required rate of return for the projects is 10%. a) Calculate the net present value for each project. b) Based on the result above, which project would you recommend