4. Capital Budgeting There are two projects available to Epsilon Company. The management needs to decide which project to undertake. The following is the after-tax cash flows for each project. Make your recommendation using the Payback Period, NPV and PI technique Years Project X ($) Project Y 75,000 24,000 20,000 15,000 12,000 10,000 64,000 18,000 15,000 | 12,000 10,000 12.000 0 2 3 4