Big Inc. is considering Two Projects X and Y, whose cash flows are shown below. These projects are mutually exclusive, equally risky, and not repeatable. The CEO believes the IRR is the best selection criterion, while the CFO advocates other methods. 8. 00% WACC: Year CFx CFy 0 $1,100 $2,750 2 $500 $725 4 $100 $1,400 $450 $625 $100 $800 What are the NPV's of each of the projects? What are the IRR's of each? What is the payback period and discounted payback period? What is the Profitability index? What are the MIRR's? Discuss the importance of the MIRR method over IRR If these projects are mutually exclusive which should be selected and why? If they are in a. b. c. d. e. depended which project(s) should be selected and why? f. Discuss your results of the methods used above and make a recommendation on the projects to the CEO using the different methods