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Advise the Investor which project to choose X or Y? Particulars Project x Project Y Investment *7 Cr. 5 Cr. Project life 8 years 10 years Construction period 3 years 3 years Cost of capital 15% 18% N.P.V. @ 12% 33.700 84,565 N.P.V. @ 18% 325 *325 I.R.R. 45% 32% Rate of return 18% 25% Payback 4 years 6 years B.E.P. 45% 30% Profitability index 1.76 1.35