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Consider the following projects: Project Cash Flows ($) -10,200 -20,200 D C1 20,400 35,350 E Assume that the projects are mutually exclusive and that the

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Consider the following projects: Project Cash Flows ($) -10,200 -20,200 D C1 20,400 35,350 E Assume that the projects are mutually exclusive and that the opportunity cost of capital is 12%. a. Calculate the profitability index for each project. (Do not round intermediate calculations. Round our answers to 2 decimal places.) Project Profitability Index D E b-1. Calculate the profitability-index using the incremental cash flows. (Do not round intermediate calculations. Round your answer to 2 decimal b-1. Calculate the profitability-index using the incremental cash flows. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Profitability-index b-2. Which project should you choose? Project D O Project E

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