The Angry Bird Corporation is trying to choose between the following two mutually exclusive design projects: Year Cash Flow (I) Cash Flow (II) 0 $ 60,000 $ 18,400 1 28,300 9,900 2 28,300 9,900 3 28,300 9,900 If the required return is 11 percent, what is the profitability index for both projects? If the required return is 11 percent, what is the profitability index for both projects? What is the NPV for both projects? If the company applies the NPV decision rule, which project should it take?