Cori's Sausage Corporation is trying to choose between the following two mutually exclusive design projects: Year 0 1 2 3 Cash Flow (1) -$60,000 27,700 27,700 27,700 Cash Flow (11) -$34,800 16,200 16,200 16,200 a-1. If the required return is 12 percent, 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.) Profitability Index Project 1 Project 11 a-2. If the company applies the profitability index decision rule, which project should the firm accept? O Project 1 Project II b-1. What is the NPV for each project? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) NPV Project 1 Project II b-2. If the company applies the NPV decision rule, which project should it take? Project II O Project 1