Cori's Sausage Corporation is trying to choose between the following two mutually exclusive design projects: Year 0 1 2 3 Cash Flow (0) - $ 70,000 25,000 25,000 25,000 Cash Flow (1) $ 17,400 9,400 9,400 9,400 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.) Profitability Index Project 1 Project II a-2. If the company applies the profitability index decision rule, which project should the firm accept? O Project 1 O Project 11 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 Project 11 $ b-2. If the company applies the NPV decision rule, which project should it take? O Project II O Project