The Angry Bird Corporation is trying to choose between the following two mutually exclusive design projects:

Year

Cash Flow (I)

Cash flow (II)

0

-$ 57,000

-$ 18,700

1

25,800

10,500

2

25,800

10,500

3

25,800

10,500

If the required return is 11 percent, what is the profitability index for both projects? (Round your answers to 3 decimal places. (e.g., 32.161))

Profitability Index

Project I _________

Project II _________

What is the NPV for both projects? (Negative amounts should be indicated by a minus sign. Round your answers to 2 decimal places. (e.g., 32.16))

NPV
Project I $ ____________
Project II $____________