Project X has a cost of $11,000 and is expected to produce benefits (cash flows) of $3,400 per year for 5 years. Project Y costs $23,000 and is expected to produce cash flows of $6,900 per year for 5 years.

1. Calculate the two projects' NPVs, assuming a cost of capital of 14%. Round your answers to the nearest cent. Project X$Project Y$
2. Calculate the two projects' IRRs. Round your answers to two decimal places.Project X% Project Y%
3. Calculate the two projects' MIRRs, assuming a cost of capital of 14%. Project X%Project Y%
4. Calculate the two projects' PIs, assuming a cost of capital of 14%. Round your answers to two decimal places.Project XProject Y