Robben Manufacturing has the following two possible projects. The required return is 10 percent.

Year	Project Y			Project Z
0	$	28,400		$	64,000
1		14,400			15,000
2		12,800			35,000
3		15,200			13,000
4		10,800			33,000

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?

Project x

Project y

Neither