Q.1 Management is evaluating two mutually exclusive projects, X, and Y, with the following cash flows Year 1 2 3 4 5 End of year cash flows ($) Project X -10,000 3,293 3,296 3,293 3,293 Project Y -100,000 0 0 0 14,641 1. If the required rate of return on both projects is 5%, which project should management choose? Why? 2. If the required rate of return on both projects is 8%, which project should management choose? Why? 3. If the required rate of return on both projects is 11%, which project should management choose? Why? 4. If the required rate of return on both projects is 14%, which project should management choose? Why