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Explanation Show correct answers The Sloan Corporation is trying to choose between the following two mutually exclusive design projects: 8 1/1 Year Cash Flow Cash

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Explanation Show correct answers The Sloan Corporation is trying to choose between the following two mutually exclusive design projects: 8 1/1 Year Cash Flow Cash Flow points awarded (I) (I I) 0 $60,000 $18,400 1 28,300 9,900 2 28,300 9,900 3 28,300 9,900 eBook Raferences 3-1 If the required return is 11 percent, what is the protability index for both projects? (Do not round intermediate calculations. Round your answers to 3 decimal places, e.g., 32.161.)

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