Assume initial investment is $98,000 for all three projects: Project X Project Y Project Z Year Cash Flows Cash Flows Cash Flows 1 30,000 40,000 10,000 2 40,000 20,000 25,000 3 30,000 20,000 30,000 WA 12,000 25,000 25,000 5 10,000 20,000 40,000 Also assume that cost of capital is 9.0% for all three projects