Please show mana formulas, if needed.

9-19 Following is information about two independent projects that a company is evaluating: Capital Budgeting Technique Project Project Y Net present value $5,000 $4,950 Internal rate of return 15.5% 17.0% Discounted payback period 5.1 years 4.6 years (a) Which project(s) should be chosen? Explain why. (b) What can be concluded about the company's re- quired rate of return, r