The firm has a WACC of 12.35% and is deciding between two mutually exclusive projects. Project X has an initial investment of $61.35. The additional cash flows for project X are: year 1 = $16.38, year 2 = $38.64, year 3 = $64.22. Project Y has an initial investment of $70.97. The cash flows for project Y are: year 1 = $51.74, year 2 = $39.66, year 3 = $33.26. Calculate the Following:

1. Payback Period for Project X

2. Payback Period for Project Y

3. NPV for Project X

4. NPV for Project Y