Exercise #3: Consider these two projects: Project Co -$45 B -70 C1 +$34 +45 C2 +$34 +45 C: +$34 +45 A. What is the NPV if the discount rate is 15%? NPVA = $.........[7]. ......... NPV8 = $ .[8] B. Which project has the higher NPV? Project C. What is the profitability index of two projects? PIA = [9] Plg= [10] D. Which has the higher profitability index? Project