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Micah's Magic Mountain. a magic themed amusement park. is considering two investment projects that both have positive NPV's that are the same and meet the

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Micah's Magic Mountain. a magic themed amusement park. is considering two investment projects that both have positive NPV's that are the same and meet the company's threshold of an NW at at least $550,000 to be considered for acceptance. Micah has a required rate of return of 12% on all investments. Micah knows that the projects are not equal in size and Micah is having trouble evaluating which project he should accept. Project #1 Project #2 Investment Required $ 975,000 $3,200,000 PV of Cash Flows 425% 2&,@ NPV 550,000 550,000 What is the protability index of Project '1? What is the protability index at Project 2? Which project should Micah accept? (enter project 1 er project 2)

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