Matthew Young is evaluating two new business opportunities. Each of the opportunities shown below has a 15-year lite. Matthew uses a 12% discount rate. Option 1 Option 2 Equipment purchase and installation $70,200 $82,000 Annual cash flow $27,300 $29,700 Equipment overhaul in year 6 $4,700 Equipment overhaul in year 8 $6,050 Click here to view the factor table. (a) (b) Calculate the profitability index of the two opportunities. (Round answers to 2 decimal places, e.g. 15.25.) Option 1 Option 2 Profitability Index