Evaluate the following projects, using the profitability index. Assume a cost of capital of 12%. Year Projects Project T Cash Flow Year o -$130,000 -$125,000 Cash Flow Year 1 11.500 80,000 Cash Flow Year 2 63,500 47,500 Cash Flow Year 3 95,000 37.500 Required: a. What is the profitability index for each project? b. If the projects are independent which would you accept according to the Pi criterion? c. If these projects are mutually exclusive which would you accept according to the Pi criterion