Problem 12-19 Use of profitability index [L012-4) answer using the formula and financial calculator methods X (Videotapes of the Weather Report) ($20,000 Investment) of $10,000 8,000 9,000 8,600 S 20,000 14,000 16,000 a calculate the profitability index for project X. (Do not round intermediate calculations and round your answer to 2 decimal places.) to 2 decimal places) b. Calculate the profitability index for project Y (Do not round intermediate calculations and ropnd your answer c. Which project would you select? 0 O Type here to