Precision Instruments is considering two mutually exclusive projects, X and Y. The following details are made available to you:
	Project X	Project Y
Project cost	700	700
Cash inflows: Year 1	100	500
Cash inflows: Year 2	200	400
Cash inflows: Year 3	300	200
Cash inflows: Year 4	450	100
Cash inflows: Year 5	600	100
Assume no residual values at the end of the fifth year. The firm's cost of capital is 10%. Calculate for each of the two projects: (i) Net present value, using 10% discounting (ii) Internal rate of return (iii) Profitability index.