Calibri 11 - ^ = = = *. go wrap Text Merge & Center General Paste BIU A | $ % Clipboard Font Alignment Number C23 X fx EFGHIJ 4 ABC 1 CHAPTER 14: CAPITAL BUDGETING 2 Homework 4.7, Chapter 14 Assume that you are the CFO at Porter Memorial Hospital. The CEO has asked you to analyze two proposed capital investments ---Project X and Project Y. Each project required a net investment outlay of $25,000, and the cost of capital for each project is 12 percent. The projects' expected net cash flows are as follows: o Buoco von w Year Project Y 8,000 Project 12,000 8,000 8,000 5,000 3 8,000 8,000 8,000 16 a. Calculate each project's payback period, net present value (NPV), and internal rate of return (IRR)