CHAPTER 14: CAPITAL BUDGETING 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 requires 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 X Project Y Year 12,000 8,000 8,000 5,000 8,000 8,000 8,000 8,000 4 a. Calculate each project's payback period, net present value (NPV), and internal rate of return (IRR). b. Which project(s) is/are financially acceptable? Explain your