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Coore Manufacturing has the following two possible projects. The required return is 14 percent. Year Project Z -$52,000 0 1 2 3 4 Project Y

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Coore Manufacturing has the following two possible projects. The required return is 14 percent. Year Project Z -$52,000 0 1 2 3 4 Project Y -$28,700 14,700 13,100 15,500 11,100 13,500 38,000 11,500 36,000 a. What is the profitability index for each project? (Do not round intermediate calculations and round your answers to 3 decimal places, e.g., 32.161.) b. What is the NPV for each project? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) c. Which, if either, of the projects should the company accept? a. Project Y Project z b. Project Y Project Z Accept project C

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