• Project X: Initial Investment: $8,000; Cash Inflows: Year 1: $2,500; Year 2: $3,000; Year 3: $2,500; Year 4: $3,000; Year 5: $4,000
• Project Y: Initial Investment: $12,000; Cash Inflows: Year 1: $3,500; Year 2: $4,000; Year 3: $3,500; Year 4: $4,000; Year 5: $5,000
• Project Z: Initial Investment: $16,000; Cash Inflows: Year 1: $4,500; Year 2: $5,000; Year 3: $4,500; Year 4: $5,000; Year 5: $6,000

Requirements:

1. Compute the Payback Period for each project.
2. Calculate the NPV using a discount rate of 10%.
3. Determine the IRR for each project.
4. Assess the feasibility of each project using the NPV method.

Evaluate the impact of changing the discount rate to 12% on the NPV of each project.