Ayayal Company is considering two new projects, each requiring an equipment investment of $97,200. Exch project will last for three years and produce the following cash flows: Year Cool Hot 1 $38.100 $42.100 2 43.100 42.100 3 43.100 42.100 129,300 $126.300 The equipment wil we no salvage value at the end of its three year ile Ayayal Company uses straight-line depreciation and requires a minimum rate of return of 12% Present value data are as follows: Present Value of 1 Period 12% 1 0.89286 2 079719 0.71178 Present Value of an Annuity of 1 Period 12% 1 0.59286 2 169005 240183 Click here to view PV tables (a) Your answer has been saved. See score details atter the due date. Compute the net present value of each project. (For calculation purposes, decimal places as displayed in the factor table provided Round answers to decimal places, es 5.275) Project Cool Project Hot Net present value $ 5313 2017 (b) b) Compute the profitability index of each project. (Round answers to 2 decimal places, eg 15.25.) Project Cool Project Hot Profitability Index