A firm is considering two mutually exclusive projects. Both of them have an initial investment of Rs 20,000. Project X has a life of 2 years with after-tax cash flow of Rs 10,000 and Rs 7,000 at the...

A firm is considering two mutually exclusive projects. Both of them have an initial investment of Rs 20,000. Project X has a life of 2 years with after-tax cash flow of Rs 10,000 and Rs 7,000 at the end of the first and the second year respectively. Project Y has an expected life of 4 years with an after-tax cash flow of Rs 8,000 annually. The firm’s cost of capital is 10%. Find out NPV if the project can be repeated and there is no anticipation of any change in the cash flow stream.