Bill Zimmerman is evaluating two new business opportunities. Each of the opportunities shown below has a ten-year life. Bill uses a 12% discount rate. Option 1 $70,700 Option 2 $81,280 $27,000 $29,330 Equipment purchase and installation Annual cash flow Equipment overhaul in year 3 Equipment overhaul in year 5 $4,820 $6,200 Click here to view the factor table, Calculate the net present value of the two opportunities. (Round present value factor calculations to 4 decimal places, e.g. 1.2514 and the final ar e.g. 59,991.) Option 1 Option 2 Net present value $ LINK TO TEXT LINK TO VIDEO Calculate the profitability index of the two opportunities. (Round answers to 2 decimal places, e.g. 15.25.) Option 1 Option 2 Profitability Index