Bill Zimmerman is evaluating two new business opportunities. Each of the opportunities shown below has a 15-year life. Bill uses a 11% discount rate. Option 1 $71,300 $28,200 $4,590 Option 2 $82,260 $30,690 Equipment purchase and installation Annual cash flow Equipment overhaul in year 6 Equipment overhaul in year 8 $5,970 Click here to view the factor table. 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 Save for Later Attempts: 0 of 3 used Submit