Please show all work & calculations.

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 cost of capital for each project is 12 percent. The project's expected net cash flows are as follows: Year 0 1 Project X ($10,000) $6,500 $3,000 $3,000 $1,000 Project Y ($10,000) $3,000 $3,000 $3,000 $3,000 2 3 4 a. Calculate each project's payback period, net present value (NPV), and internal rate of return (IRR). Year Cumulative Cash Flows Project X Project Y ($10,000) ($10,000) 0 1 2. 3 4 Payback NPV IRR b. Which project (or projects) is financially acceptable? Explain your