Answer all parts thoroughly

2 The director of capital budgeting, G. Thomas, has asked you to analyze two proposed capital investments, Project X and Project Y. Each project has a cost of $10,000, and a cost of capital for each is 12%. The projects expected net cash flows are as follows: Year -$10,000 $6,500 $3,000 $3,000 $1,000 -$10,000 $3,500 $3,500 $3,500 $3,500 a. Calculate each projects payback period, net present value (NPV), and internal rate of return (IRR). b. Which project or projects should be accepted and why