As the capital budgeting director for the Pensky Corporation, you are evaluating two mutually exclusive projects with the following free cash flows: Project X Project Z Assuming a WACC of 12%, calculate the NPV and IRR for both projects. Year Cash Flow Cash Flow Which project(s) should Pensky accept and why? 0 $100,000 -$100,000 1 55,000 10,000 2 40,000 30,000 3 30,000 40,000 4 10,000 65,000