Analyze two proposed capital investments: Projects X and Y. Each project has a cost of $10,000, and the cost of capital for each is 12%. The projects' expected net cash flows are shown in the table below.

Expected Net Cash Flows

Year	Project X	Project Y
0	$10,000	$10,000
1	6,500	3,500
2	3,000	3,500
3	3,000	3,500
4	1,000	3,500

Net Present Value (NPV):

NPVx = -$10,000 + ____________ + _____________ + ___________ + $1,000 = __________

NPVy = -$10,000 + ____________ + ____________ + __________ +$3,500= _________

Profitability Index (PI):

PVx = NPVx + Cost of X

______ + _______ = $_________

PVy = NPVy + Cost of Y

_______ + ________ = $________