2: Mr. K has gathered the following information about two projects, each with a 9% required rate of return. Project X Initial outlay Life RM30,000 Project Y RM44,000 Cash inflows 5 years RM11,500/year 6 years RM13,000/year 1) Calculate the NPV for each project. 2) If the projects are independent, which project is more favourable? Should the company accept or reject both? 3) If the projects are mutually exclusive, which project is more favourable? Should the company accept or reject both