2. There are two projects X and Y. The estimate cash flow is following: Year 0 1 2 3 X -600 300 300 500 Y -1000 0 1600 What is ANPV of each project if the cost of capital is 10%? Take the risk factor into consideration the RADR rate for project X is 12% and for Y is 14% what is risk adjusted NPV for each project