You are a financial analysis for Damon electric corp. the director of capital budgeting has asked you to analyze two proposed capital investments, project X and Project Y. Each project has a cost of 10,500 and the cost of capital is 12%. Apply the discount payback method on both projects to see which one makes the money back the fastest.

year	Project X	Project Y
0	$ (10,500.00)	$ (10,500.00)
1	6500	3500
2	3000	3500
3	3000	3500
4	1000	3500