4. You are a financial analyst for Damon Electronics Company. The director of capital budgeting has asked you to analyze two proposed capital investments, Projects X and Y. Each project has a cost of $10,000, and the required rate of return for each project is 12 percent. The projects' expected net cash flows are as follows: Expected Net Cash Flows Year Project X Project Y $(10,000) $(10,000) 6,500 3,500 3,000 3,500 3,000 3,5001 1,000 3,500 a. Calculate each project's traditional payback period (PB), net present value (NPV) and internal rate of return (IRR). WN - b. Which project or projects should be accepted if they are independent? C. Which project should be accepted if they are mutually exclusive? d. How might a change in the required rate of return produce a conflict between the NPV and IRR rankings of these two projects? Would this conflict exist if r were 5 percent? (Hint: Plot the NPV profiles.) e. Why does the conflict exist