The Sawyer Company has $80,000 to invest and is considering two different projects, X and Y. The following data are available on the projects: Project X Project Y Cost of equipment needed now ... $80,000 Working capital requirement .... $80,000 Annual cash operating inflows .. $23,000 $18,000 Salvage value in 5 years ....... $ 6,000 Both projects will have a useful life of 5 years; at the end of 5 years, theworking capital will be released for use elsewhere. Sawyer's discount rate is 12%. A. The net present value of project X is: B. The net present value of project Y is closest to

C. WHICH IS BETTER PROJECT AND EXPLAIN