The below chart shows the cashflows of two possible projects (Project Y and Project Z). The required return is 12%.

Therefore, what are the respective profitability indices, NPVs for each project? Also, which project shall the company accept?

\begin{tabular}{|l|l|l|} \hline Year & Project Y & Project Z \\ \hline 0 & 55,600 & 89,000 \\ \hline 1 & 26,900 & 36,000 \\ \hline 2 & 19,600 & 24,800 \\ \hline 3 & 22,700 & 32,500 \\ \hline 4 & 16,600 & 29,300 \\ \hline \end{tabular}