Consider projects A and B with the following cash flows:

C0 C1 C2 C3

A $ 39 + $ 23 + $ 23 + $ 23

B 64 + 33 + 33 + 33

1). What is the NPV of each project if the discount rate is 15%? (Do not round intermediate calculations. Round your answers to 2 decimal places.)

Project A: NPV: ????

Project B: NPV: ????

2). What is the profitability index of each project? (Do not round intermediate calculations. Round your answers to 2 decimal places.)

Project A: Profitability Index: ???

Project B: Profitability index: ???