Here is project Y:

The cash flow in year 0 is negative $23,000.

The cash flow in year 1 is $32,000.

The cash flow in year 2 is $26,000.

The cash flow in year 3 is negative $12,000.

Here is project Z:

The cash flow in year 0 is negative $42,000.

The cash flow in year 1 is $58,000.

The cash flow in year 2 is $39,000.

The cash flow in year 3 is negative $35,000.

Your decision rule is to choose the project that has a higher net present value.

The discount rate is 15% for both projects.

Which project will you choose? What is the net present value of that project?