Bill Zimmerman is evaluating two new business opportunities. Each of the opportunities shown below has a 15-year life. Bill uses a 10% discount rate Equipment purchase and installation Annual cash flow Equipment overhaul in year 6 Equipment overhaul in year 8 Option 1 $70,100 $28,900 $5,000 Option 2 $81,430 $31,340 $6,350 Click here to view the factor table. Your answer is correct. Calculate the net present value of the two opportunities. (Round present value factor calculations to 4 decimal places, eg. 1.2514 and the final answers to decimal places, eg. 59.991) Option 1 Option 2 146,894 $ Net present value 153,983 e Textbook and Media Attempts: 1 of 3 used (b) Calculate the profitability index of the two opportunities. (Round answers to 2 decimal places, eg. 15.25) Option 1 Option 2 Profitability Index