Bill Zimmerman is evaluating two new business opportunities. Each of the opportunities shown below has a ten year life. Bill uses a 11% discount rate. Equipment purchase and installation Annual cash flow Equipment overhaul in year 3 Equipment overhaul in year 5 Option 1 $71.900 $29,000 $4,620 Option 2 $82,690 $31,290 $6,070 Click here to view the factor table Calculate the net present value of the two opportunities. (Round present value factor calculations to decimal places es 12514 and the final answers to decimal places es 59.991.) Option 1 Option 2 Net present value Calculate the profitability index of the two opportunities. (Round answers to 2 decimal places, eg 15.25.) Option 1 Option 2 Profitability Index e Textbook and Media Which option should Bill choose? Bill should choose Option 1