4. The director of capital budgeting, has asked you to analyze two proposed capital investments, Project X and Project Y. Each project has a cost of $10,000, and a cost of capital for each is 12%. The projects expected net cash flows are as follows: Year X Y 0 -$10,000 -$10,000 1 $6,500 $3,500 2 $3,000 $3,500 3 $3,000 $3,500 4 $1,000 $3,500 Calculate each projects payback period, net present value (NPV), and internal rate of return (IRR). Which project or projects should be accepted and why?