Project Q has an initial cost of $211,415 and projected cash flows of $121,300 in Year 1 and $176,300 in Year 2. Project R has an initial cost of $415,000 and projected cash flows of $187,500 in Year 1 and $236,600 in Year 2. The discount rate is 8.5 percent and the projects are independent. Which project(s), if either, should be accepted based on its profitability index value?

a	Accept both Project Q and R
b	Reject both Project Q and R
c	Accept Project Q and reject Project R
d	Accept Project R and reject Project Q
e	Accept either Project R or Project Q, but not both