5.a. Assume that you are the CFO at Porter Memorial Hospital. The CEO has asked you to analyze two proposed capital investments: Project X and Project Y. Each project requires a net investment outlay of $10,000, and the cost of capital for each project is 12 percent. The project's expected net cash flows are as follows:

Year Project X and Project Y

0 -$10,000 -$10,000

1 $6,500 $3,000

2 $3,000 $3,000

3 $3,000 $3,000

4 $1,000 $3,000

a. Calculate Project X's payback period?

Answer in years.Round to two decimal places.

b. calculate Project Y's payback period?

Answer in years.Round to two decimal places.

c. Calculate Project X's net present value (NPV)?

Round to the nearest dollar.

d. Project Y's net present value (NPV)?

Round to the nearest dollar.