Calibri YA ce Wrap Text LE Paste BIU. Merge & Center Clipboard Font Alignment C23 X fx 1. CHAPTER 14: CAPITAL BUDGETING Homework 4.7, Chapter 14 UN 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: Project 12,000 8,000 8,000 5,000 Project Y 8,000 8,000 8,000 8,000 16 a. Calculate each project's payback period, net present value (NPV), and internal rate of return (IRR). 18 NPY 20.000