If the required return is 11%, what is the profitability index for both projects?

The Sloan Corporation is trying to choose between the following two mutually exclusive design projects: Cash Flow Year Cash Flow cas $70,000 31,500 31,500 31,500 WN - $17,400 9,400 9,400 9,400 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.) Project 1 Project 11