Its time to decide how to use the money your firm is expected to make this year.

Its time to decide how to use the money your firm is expected to make this year. Two investment opportunities are available with net cash flows as follows:Year Project X Project Y0 (Now) ($30000) ($30000)1 11000 40002 10000 80003 9000 120004 8000 16000a. Calculate each projects Net Present Value (NPV) assuming your firms weighted average cost of capital (WACC) is 6%b. Calculate each projects Internal rate of Return (IRR).c. Plot NPV profiles for both projects on a graph).d. Assuming that your firms WACC is 6%:(1) If the projects are independent which one(s) should be accepted?(2) If the projects are mutually exclusive which one(s) should be accepted?