4. Baker Corporation is considering the feasibility of investing $60,000 either in Project X or Y. The following table shows the cash flows of these projects- Year Project X 1 $25,000 2 25,000 3 25,000 4 29,000 Project Y $20,000 25,000 30,000 31,000 Required return of the company is 15%. Required: a. Calculate the NPV, and Payback Period of these projects and also decide, based on each techniques, which project to be accepted and why? (6+4) 5. Find the value of a bond maturing in 6 years, with a $1000 par value and an annual coupon interest rate of 10%. The market is offering 14% EAR on similar risky bond. (5) 6. A bond is currently traded at $1150 in the market, which has a par value of $1000. If the bond pays 15% coupon interest annually and has a maturity of 10 years, then what is the YTM of this bond? (5)