Suppose the following two independent investment opportunities are available to Alkaline, Incorporated. The appropriate discount rate is $12$ percent.

Year Project Alpha Project Beta

$0$$ $5,300$$ $6,900$

$12,7001,550$

$22,6005,300$

$31,6504,400$

Compute the profitability index for each of the two projects

Which project$($s$)$ should the company accept based on the profitability index rule?