You are a financial analyst for the Brittle Company. The director of capital budgeting has asked you to analyze two proposed capital investments: Projects X and Y. Each project has a cost of $10,000, and the cost of capital for each is 12%. The projects' expected net cash flows are shown in the table below.

Calculate and Break down each project's net present value , internal rate of return modified internal rate of return , and profitability index.

Which project or projects should be accepted if they are independent?

Which project or projects should be accepted if they are mutually exclusive?

Expected Net Cash Flows