The Wentworth Corporation is a US based firm specializing in design marketing industry. The CEO has been approached by the marketing director for the lucrative two investments opportunities and after the board meeting, the director finance has been given a task to evaluate the best option to invest in as the funds are limited. Finance director is trying to choose between the following two mutually exclusive design projects whose initial cost and returns are below: Year 0 1 2 3 Project X Project Y -65000 -24000 24000 8000 29000 14500 36000 12800 The task is further delegated to you. being a finance manager, to answer the following questions. 1. If the company applies the Payback decision rule, which project should it take? 2. If the company applies the ARR decision rule, which project should it take? 3. If the required return is 1X% (replace "X" with the last digit of your registration number for example if my registration ti is 1721137, then the required return I should take is 17%) and company applies the NPV decision rule, which project should it take? what if the required retum was 21 percent