The financial manager of Mana Company want you to analyze two capital investment (project X & project Y)
The following data pertains to these projects
Project
X	Y
Cost	$10,000	$12,000
Cost of capital	8%	8%
years	Expected net cash flow
0	$(10,000)	$(12,000)
1	$3,020	$3,500
2	$3,520	$3,700
3	$4,020	$3,900
4	$4,520	$4,100
5	$4,300
1) Find net present value

2) Assume that projects X and Y are independent, which one do you recommend, and why?

3) Assume that projects X and Y are mutually exclusive, which one do you recommend, and why?

3) Assume you can replicate the project three times, which one do you recommend, and why?