7. The following cash flows are given for the Project Z $8000 +$2,000 +$3,000 +$5,000 +$4,000 +$3,000 calculatethe following: a) NPV (net present value) at 12% discount rate (b) IRR (Internal Rate of Return) (c) The payback period for Project (2) e following cash flows are give for the two mutually exclusive projects X and Y. The project X requires an initial investment of $12,000 in time 'O'and Y needs an initial investment of $10,000 in time 0 ect X $4,000 5,000 7,500 8,500 Project Y $9,000 6,000 4.500 3,000 (a) Calculate the NPV for each project using a discount rate of 12%. (b) State your accept/reject decision (c) What would be your decision if they were independent projects? Winter Wear is considering a 5-year project with an initial cost of $221,000. The project will produce cash inflows (end of the year) of $59,500 each year over the life of the project What is the net present value (NPV), if the required rate of return is 14.8 percent? Also, state your accept/reject decision