Lou Barlow, a divisional manager for Sage Company, has an opportunity to manufacture and sell one of two new products for a five year penod His annual pay raises are determined by his division's return on investment ROI which has exceeded 20% each of the last three years. He has computed the cost and revenue estimates for each product as follows Product A Product 8 410,000 Initial investment Cost of equipment (zero salvage value) Annual revenues and costs Sales revenues Variable expenses Depreciation expense Foxed out-of-pocket operating costs $200,000 $280,000 $132,000 S 40,000 73,000 S 380,000 $ 182,000 $ 82,000 $ 53,000 The company's discount rate is 18% 4. Calculate the project profitability index for each product (Round discount factorls) to 3 decimal places. Round your answers to 2 decimal places.) 3 Answer is complete but not entirely correct. Product Product A Project proftability index 1.17 1.11