I need some help with my financial management of the firm homework. I've basically got all the right answers except for finding the NPV for both projects (shown below.) Thanks!

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

Year	Cash Flow (I)				Cash Flow (II)
0	$	67,000			$	17,700
1		30,500				9,550
2		30,500				9,550
3		30,500				9,550

a-1	If the required return is 11 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	1.11
Project II	1.32

a-2

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

	Project I
	Project Il <-------

b-1	What is the NPV for both projects? (Negative amounts should be indicated by a minus sign. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

	NPV
Project I	$ ???
Project II	$ ???

b-2

If the company applies the NPV decision rule, which project should it take?

	Project I <-----
	Project II