Robben Manufacturing has the following two possible projects. The required return is 14 percent.

Year	Project Y			Project Z
0	$	28,700		$	52,000
1		14,700			13,500
2		13,100			38,000
3		15,500			11,500
4		11,100			36,000

a. What is the profitability index for each project? (Do not round intermediate calculations and round your answers to 3 decimal places, e.g., 32.161.)

	Profitability index
Project Y
Project Z

b. What is the NPV for each project? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

	NPV
Project Y	$
Project Z	$

c. Which, if either, of the projects should the company accept? (Click to select)Project ZProject YNeither

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