Cori's Sausage Corporation is trying to choose between the following two mutually exclusive design projects:

Year	Cash Flow (I)				Cash Flow (II)
0	$	59,000			$	33,800
1		27,400				15,900
2		27,400				15,900
3		27,400				15,900

a-1.	If the required return is 11 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.)

a-2.	If the company applies the profitability index decision rule, which project should the firm accept?
	Project I 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.)

b-2.	If the company applies the NPV decision rule, which project should it take?
	Project II Project I