ation, Cost of Capital and Capital Budgeting (i) You are asked to evaluate the following two projects for the Norton corporation. Use a discount rate of 10 percent. Use Appendix B. for an approximate answer but calculate your final answer using the formula and financial calculator methods. a. Calculate the profitability index for project X. (Do not round intermediate calculations and round your answer to 2 decimal places.) Profienbility index b. Calculate the profitability index for project Y. (Do not round intermediate calculations and round your answer to 2 decimal places.) c. Which project would you select based on the profitability index