Grouper Company has hired a consultant to propose a way to increase the company's revenues. The consultant has evaluated two mutually exclusive projects with the following information provided for each: Project Turtle Project Snake Capital investment $ 1,140,000 $ 660,000 Annual cash flows 187,000 112,000 Estimated useful life 10 years 10 years Grouper Company uses a discount rate of 9% to evaluate both projects. Instructions (a) Calculate the net present value of both projects. (b) Calculate the profitability index for each project. (c) Which project should Mobil accept