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15. A concern is considering two projects X and Y. Following are the particulars in respect of them: Particulars Project X Project Y Cost (Rs.)

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15. A concern is considering two projects X and Y. Following are the particulars in respect of them: Particulars Project X Project Y Cost (Rs.) 1,40,000 1,40,000 Economic life (in Years) 10 10 Estimate Scrap (in Rs.) 10,000 14,000 Annual Savings 25,000 20,000 Ignoring income-tax, recommend the best of these projects using (a) Payback Period, and b) Payback Profit

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