3. Consider the following two mutually exclusive projects: Year Cash Flow (X) Cash Flow (Y) 0 -$365,000 -$38,000 1 25,000 16,000 2 65,000 12,000 3 65,000 17,000 4 425,000 15,000 Whichever project you choose, if any, you require a 13 percent return on your investment. 1. Which investment will you choose if you use the payback decision criteria? Justify your answer ii. Which investment will you choose if you use the NPV decision criteria? Justify your answer iii Which project will you choose oltimately based on yxur answers abwe