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JUU. IIS SHOWS what is correct or incorrect for the work you have completed so far. It does not indicate ce 5 You are asked to evaluate the following two projects for Boring Corporation. Use a discount rate of 10 percent. Use Appendix B. Project X (DVDS of the Weather Reports) ($34,000 Investment) Year Cash Flow 1 $17,000 2 15,000 3 16,000 4 15,600 Project Y (Slow-Motion Replays of Commercials) ($54,000 Investment) Year Cash Flow 1 $27,000 2 20,000 3 21,000 4 23,000 a. Calculate the profitability index for project X. (Round "PV Factor" to 3 decimal places. Round the final answer to 2 decimal places.) PI 1.45 b. Calculate the profitability index for project Y. (Round "PV Factor" to 3 decimal places. Round the final answer to 2 decimal places.) PI 1.34 c. Using the NPV method combined with the Pl approach, which project would you select? Use a discount rate of 10 percent. Project Y Project X Prey Prev 5 of 5 Next