Problem $8-23$ Profitability Index $($LO$3)$

Consider the following projects:

a$.$ Calculate the profitability index for A and B assuming a $24\%$ opportunity cost of capital.

Note: Do not round intermediate calculations. Round your answers to $4$ decimal places.

Answer is complete but not entirely correct.

b$.$ According to the profitability index rule, which project$($s$)$ should you accept?

Project A

Project B

Both

Neither