Please include all formulas...

Consider the following projects: Cash Flaws ($) Project C3 C1 D 41,403 22, 330 E 21,403 3?,450 Assume that the projects are mutually exclusive and that the opportunity cost of capital is 8%. a. Calculate the protability index for each project. [Do not round intermediate calculations. Round your answers to 2 decimal places.} b-1. Calculate the protabilityindex using the incremental cash ows. {Do not round intermediate calculations. Round your answer to 2 decimal places: Prom-mm _ b-Z. Which project should you choose? 0 Project D 0 Project E