Compute the payback period (PB), net present value (NPV), internal rate of return (IRR), profitability index (PI) ad excess of IRR over k. Assume k at 10%. Decide on which project will you choose and why?

Project X (Videotapes of the Weather Report) ($10,000 investment) Year Cash Flow 1 $5,000 2 ......... 3,000 3 4,000 4 3,600 Project Y (Slow-Motion Replays of Commercials) ($30,000 investment) Year Cash Flow 1 $15,000 2 .......... 8,000 3 9,000 4 11,000 AN