he Sloan Corporation is trying to choose between the following two mutually exclusive design projects: Year Cash Flow (I) Cash Flow (II) 0 $ 56,000 $ 18,800 1 26,000 10,100 2 26,000 10,100 3 26,000 10,100

a-1 If the required return is 12 percent, what is the profitability index for both projects? (Do not round intermediate calculations. Round your answers to 3 decimal places, e.g., 32.161.)

Profitability Index Project I : Project II: