You are a financial analyst for Daman Electronics Company. The director of capital budgeting has asked you to analyze two proposed capital investments, Project Y and Z. Each project has a cost of RM10 000, and the cost of capital for each project is 12 percent. The project expected net cash flows are as follows: Expected cash flow Year Project Y (RM) Project Z (RM) 0 (10 000) (10 000) 1 3 000 3 500 2 3 000 3 500 3 3 000 3 500 4 3 000 3 500 (a) Calculate each project's payback period, net present value, and profitability index. (b) Which project or project should be accepted if they are independent