mOl Consider the following projects: Cash Flows ($) Co -11,300 -21,300 Project C1 22.600 37,275 Assume that the projects are mutually exclusive and that the opportunity cost of capital is 9 % a. Calculate the profitabitity index for each project. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Project Profitability Index E b-1. Calculate the profitability-index using the incremental cash flows. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Profitability-index b-2. Which project should you choose? Project D Project E