As the director of capital budgeting for Pawleys Island Corporation you are evaluating two mutually exclusive projects with the following net cash flows: Year Project X Cash Flow Project Y Cash Flow W NO -$100,000 50,000 40,000 30,000 10,000 -$100,000 10,000 30,000 40,000 60,000 4 If Pawleys cost of capital is 15 percent, which project would you choose? TO RECEIVE CREDIT FOR THIS QUESTION YOU MUST SHOW BOTH YOUR ANSWER, ROUNDED TO TWO DECIMAL PLACES, AND THE CALCULATIONS USED TO ARRIVE AT THAT ANSWER. COMPUTATIONS FOR IRR, NPV AND OTHER TIME VALUE OF MONEY PROBLEMS MUST BE SOLVED WITH YOUR REQUIRED COURSE CALCULATOR. IF REQUESTED YOU MUST BE ABLE TO DEMONSTRATE THAT YOU USED THE REQUIRED COURSE CALCULATOR TO SOLVE THESE TYPE OF PROBLEMS