3.Assume you are the chief financial officer at Lehman Memorial Hospital. The CEO has asked you to analyze two proposed capital investment Project X and project Yeach project requires a net investment outlay of $12,000 and the opportunity cost of capital for each project is 14% the project's expected net cash flows are as following Year Project x Project Y 0 (12,000) (12,000) 1 6,600 3,500 2 3,500 3,500 3 3,500 3,500 4 3,500 3,500 a. Calculate each project's payback, NPV and IRR. b. Which project is financially acceptable? Explain 1