he Sloan Corporation is trying to choose between the following two mutually exclusive design projects:

Year Cash Flow

$($I$)$ Cash Flow

$($II$)$

$0$$ $68,000$$ $17,600$

$131,0009,500$

$231,0009,500$

$331,0009,500$

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$.,32\mathrm{.}161.)$

a$-2$

If the company applies the profitability index decision rule, which project should the firm accept?

multiple choice $1$

Project I

Project Il

b$-1$

What is the NPV for both projects? $($A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$