5. As the director of capital budgeting for Bissett Corporation, you are evaluating two
mutually exclusive projects (you can only choose one) with the following cash flows. The discount rate is 15%.
Year |
Project X |
Project Y |
0 |
- 100,000 |
- 100,000 |
1 |
50,000 |
10,000 |
2 |
40,000 |
30,000 |
3 |
10,000 |
40,000 |
4 |
10,000 |
30,000 |
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