You are a financial analyst for the Little 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 project is 12 percent.

The projects' expected net cash flows are as follows:
Expected net cash flows
Year Project X Project Y
0 ($12,000) ($12,000)
1 6,800 3,700
2 3,500 3,700
3 3,500 3,700
4 1,800 3,700
5 1,500 3,700

a. Calculate each project's net present value (NPV), internal rate of return (IRR), and profitability index (PI).