Question 8 (4 points) The Felix Corporation is considering two projects, T and V. The following information has been gathered on these projects Initial investment needed (cash outfiow) Present value of future net cash inflows Useful life Project $112,500 $168,000 10 years Project V $75,000 $107.000 10 years Based on this information, which of the following statements is (are) true? 1. Project T has the highest ranking according to the project profitability index criterion. II. Project V has the highest net present. Select the best of the following possible answers. Show your work for chance at partial credit A Only B. Only 11 C. Both I and I D. Neither I nor 11