St. Michaels School ranks investments by using the profitability index (PI). The following data relate to Project X and Project Y : Which project would be more attractive as judged by its ranking, and why? Multiple Choice Both projects would be equally attractive in terms of ranking, as indicated by a positive Pl. Project X because the P is is 1.50 . Project Y because the PI is 1,38 Project X because the PI is 0.67 . Project Y because the PI is 0.72