Analyze the following investment projects:

Year	Project X Cash Flow (₹)	Project Y Cash Flow (₹)
0	-6,000	-7,000
1	2,000	2,500
2	2,500	3,000
3	3,000	3,500
4	3,500	4,000

Requirements:

1. Calculate the payback period for each project.
2. Determine which project to select if the standard payback period is 3 years.
3. Compute the discounted payback period at a cost of capital of 10%.
4. Calculate the NPV of each project at a discount rate of 10%.
5. Determine the IRR for each project.