Blue Spruce Company has hired a consultant to propose a way to increase the company's revenu! The consultant has evaluated two mutually exclusive projects with the following information provided for each: Blue Spruce Company uses a discount rate of 9% to evaluate both projects. Click here to view PV tables. (a) Your answer has been saved. See score details after the due date. Calculate the net present value of both projects. (Use the above table.) (Round factor values to 5 decimal places, eg. 1.25124 and final answers to 0 decimal places, e.g. 5,275.) (b) Calculate the profitability index for each project. (Round answers to 2 decimal places, e.g. 15.25.) Which project should Blue Spruce accept? Based on net present value should be accepted Based on profitability index should be accepted