2. You are looking at two projects that are mutually exclusive. Assume the cost of capital is 8% when evaluating these projects. The cash flows for each project are: Year Project X Project Y 0 1 $(900) 110 322 289 228 235 $(750) 310 (245) 590 2 3 4 200 125 5 e. a. Calculate the payback period of Project X (5 points) b. Calculate the payback period of Project Y (5 points) C. Which project should we choose to accept based on the payback period? Why? (3 points) d. Calculate the discounted payback period Project X (5 points) Calculate the discounted payback period of Project Y (5 points) f. Which project should we choose to accept based on the discounted payback period? Why? (3 points) g Calculate the IRR of Project X (5 points) h. Should we accept or reject Project X based on the IRR calculation? Why? (3 points) i. Calculate the MIRR of Project Y (5 points) j. Should we accept or reject Project Y based on the MIRR calculation? Why? (3 points) k. Calculate the NPV of Project X (5 points) I. Calculate the NPV of Project Y (5 points) m. Which project should we accept based on the NPV calculation? Why? (3 points) Calculate the Profitability Index of Project X (5 points) 0. Calculate the Profitability Index of Project Y (5 points) p. Which project should we accept based on the Profitability Index calculation? Why? (3 points) n