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

Year	Project Y			Project Z
0	$	28,900		$	54,000
1		14,900			12,500
2		13,300			40,000
3		15,700			10,500
4		11,300			38,000

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 YNeitherProject Z