Robben Manufacturing has the following two possible projects. The required return is 11 percent.

Year	Project Y			Project Z
0	$	27,300		$	53,000
1		13,300			20,500
2		11,700			24,000
3		14,100			18,500
4		9,700			22,000

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)NeitherProject YProject Z