Nike Company has hired a consultant to propose a way to increase the company\'s revenues. The consultant has evaluated two mutually exclusive projects with the following information provided for each:

Capital investment for Project Shoes $

Capital investment for Project Clothes $

Annual cash flows for Project Shoes

Annual cash flows for Project Clothes

Estimated useful life for Project Shoes years

Estimated useful life for Project Clothes years

Nike Company uses a discount rate of to evaluate both projects.

Calculate the profitability index for each project project shoes and project clothes