ABC Company is considering the following two investment oportunities: Project Name X Y Cost of equipment: $75,000 35,000 Annual savings from operations: $25,000 14,500 Life of equipment (years) 5 5 Salvage value of equipment: $20,000 10,000 Required working capital invested into project: 5,000 15,000 Required rate of return of business 20% The invested working capital for each project will be returned to the business when it is sold. Considerations: A) Calculate the net present value of each project Based only on net present value, which project do you recommend? B) Calculate the profita bility index of each project to the third decimal place (thousanths) Based only on profita bilty index, which project do you recommend and why? C) Calculate the payback period of each project Based only on payback period, which project do you recommend? D) Based on a combination of considerations A) to C), and a survey to employees indicates their first choice is Project Y due to it being more interesting work which project do you recommend and why? Answer in less than 100 words or three to five sentences maximum. 22 marks