draw time line for answer a

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 $10,000, and the opportunity cost of capital for each project is 12 percent. The projects' expected net cash flows are as follows: 9.6 Project X (S) (10,000) Year Project Y ($) (10,000) 6,500 1 3,000 3,000 3,000 3,000 3,000 4 1,000 3,000 Calculate each project's payback, NPV, and IRR. Which project (or projects) is financially acceptable? Explain your answer. a. b