Projected Cash Inflows (in $)

Year	Project W	Project X
0	-25,000	-30,000
1	5,000	6,000
2	7,000	8,000
3	9,000	10,000
4	11,000	12,000

Requirements:

1. Determine the payback period for each project.
2. Decide which project to select if the standard payback period is 4 years.
3. Calculate the discounted payback period at a 10% discount rate.
4. Compute the NPV for each project.
5. Recommend the project based on NPV.