em 12-25 nts Skipped You are asked to evaluate the following two projects for Boring Corporation. Use a discount rate of 12 percent. Use Appendix B Project X (OVOS heroject Y (Slow-Motion of the Weather Reports) Replays of Commercials) (526,900 Investment) (546,000 Investment) Year Cash Flow Year Cash Flow 1 $13,000 $23,000 2 11,000 2 16,000 3 12,000 17,000 11,600 19,800 eBook 1 Print 4 3 4 ferences a. Calculate the profitability index for project X. (Round "PV Factor" to 3 decimal places. Round the final answer to 2 decimal places.) PI b. Calculate the profitability index for project Y. (Round "PV Factor" to 3 decimal places. Round the final answer to 2 decima! places.) PI c. Using the NPV method combined with the Pl approach, which project would you select? Use a discount rote of 12 percent O Project Y