In the first blank below, answer this question. Raymond Holt needs to evaluate three independent projects, and he has chosen to use the profitability index. Briefly explain how the profitability index (PI) is calculated and interpreted. In the second blank, answer this question. If project A had a Pl of 1.9, project B had a Pl of 0.6, and project C had a Pl of 2.8, what does that indicate? Blank # 1 Blank # 2