Please round your answers to 3 decimal places.

Suppose the following two independent investment opportunities are available to Fitz, Inc. The appropriate discount rate is 11 percent. Year Project Beta 0 Project Alpha $3,100 1,600 1,500 1,100 $4,700 1,000 3,100 3,300 a. Compute the profitability index for each of the two projects. (Do not round intermediate calculations and round your answers to 3 decimal places, e.g., 32.161.) Profitability Index Project Alpha Project Beta