Company ABC is considering two investment projects with the following cash flows:

Year	Project X	Project Y
0	-$75,000	-$60,000
1	$20,000	$10,000
2	$20,000	$10,000
3	$20,000	$10,000
4	$20,000	$10,000
5	$20,000	$90,000

Requirements:

1. Calculate the Net Present Value (NPV) of each project if the discount rate is 8%.
2. Determine the Internal Rate of Return (IRR) for each project.
3. Identify which project is more financially viable based on the NPV and IRR.
4. Discuss any non-financial factors that might influence the decision.