Coore Manufacturing has the following two possible projects. The required return is 12 percent.

Year	Project Y	Project Z
0	$47,600	$81,000
1	23,900	34,000
2	18,600	32,800
3	20,700	30,500
4	14,600	27,300

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?