draw time line for answer a

9.6 Assume that you are the chief financial officer 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 $10,000, and the opportunity cost of capital for each project is 12 percent. The projects' expected net cash flows are as follows: Year Project X ($) (10,000) 6,500 3,000 3,000 1,000 Project Y ($) (10,000) 3,000 3,000 3,000 3,000 a. Calculate each project's payback, NPV, and IRR. b. Which project (or projects) is financially acceptable? Explain your