ST-2 CAPITAL BUDGETING CRITERIA You must analyze two projects, X and Y. Each project costs $10,000, and the firm's WACC is 12%. The expected net cash flows are as follows: 0 4 Project X-$10,000 PojectY $10,000 $6,500 $3,500 $3,000 $3,500 $3,000 $1,000 $3,500 $3,500 a. Calculate each project's NPV and IRR. b. Which project(s) should be accepted if they are independent? c. Which project(s) should be accepted if they are mutually exclusive