Assume that you are the chief financial officer at Porter Memorial Hospital. The CEO has asked you to analyze two proposed capital investments-project X and project Y. Each project requires a net investment outlay of $10,000, and the cost of capital for each project is 12 percent. The projects' expected net cash flows are as follows: Calculate each project's payback period. X:1.17 years, Y:3.01 years X:2.17 years, Y:3.33 years X:5.2 years, Y:3.01 years X:2.2 years, Y:3.01 years