Monty Company is considering two new projects, each requiring an equipment investment of $99.000. Each project will last for three years and produce the following cash flows: Year Cool Hot 1 $39.000 $43,000 2 44,000 43,000 3 49,000 43,000 132,000 $129,000 The equipment will have no salvage value at the end of its three year life. Monty Company uses straight-line depreciation and requires a minimum rate of return of 12%. Present value data are as follows: Present Value of 1 Period 12% 1 0.89286 2 0.79719 3 0.71178 Present Value of an Annuity of 1 Period 12% 1 0.89286 2 1.69005 3 2.40183 Click here to view PV tables, (a) Your answer is correct. Compute the net present value of each project. (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answers to decimal places, e3,5,275.) Project Cool Project Hot Net present value $ 5775 i 4279 e Textbook and Media eTextbook and Media Attempts: 2 of 3 used b (b) Compute the profitability index of each project. (Round answers to 2 decimal places, e.g. 15.25.) Project Cool Project Hot Profitability index eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer (c) The parts of this question must be completed in order. This part will be available when you complete the part above