For Chapter 11 (Capital Budgeting) Questions: Assume initial investment is $98,000 for all three projects: Project X Project Y Project Z Year Cash Flows Cash Flows Cash Flows 1 35,000 30,000 15,000 2 40,000 35,000 25,000 3 20,000 20,000 30,000 4 15,000 20,000 35,000 5 10,000 20,000 20,000 Also assume that cost of capital is 9.0% for all three projects