Dilapidated Corporation is consid ring the following two investment proposals. As the financial manager, you are responsible for making a recommendation to the Board of Directors. The projected cash flows for projects X and Y are as follows: Year 0 -$1,500 -$5,000 Project X Project Y Year 1 $1,200 $4,000 Year 2 $600 $2,000 Year 3 $300 $1,000 Year 4 $150 $500 Year 5 $80 $250 a) Compute the NPV, IRR and PI of each project. Which projects would you recommend if there is enough capital for both projects. b) If the projects are mutually exclusive, which project would you recommend and why? Dilapidated Corporation is consid ring the following two investment proposals. As the financial manager, you are responsible for making a recommendation to the Board of Directors. The projected cash flows for projects X and Y are as follows: Year 0 -$1,500 -$5,000 Project X Project Y Year 1 $1,200 $4,000 Year 2 $600 $2,000 Year 3 $300 $1,000 Year 4 $150 $500 Year 5 $80 $250 a) Compute the NPV, IRR and PI of each project. Which projects would you recommend if there is enough capital for both projects. b) If the projects are mutually exclusive, which project would you recommend and why