The Matterhorn Corporation is trying to choose between the following two mutually exclusive design projects Year Cash Flow (1) Cash Flow (Il) $65,000 24,000 29,000 36,000 -$24,000 8,000 14,500 12,800 2 3 Requirement 1 (a) If the required return is 11 percent, what is the profitability index for each project? (Do not round intermediate calculations. Round your answers to 3 decimal places (e.g., 32.161).) Profitability index Project l Project ll (b) If the required return is 11 percent and the company applies the profitability index decision rule, which project should the firm accept? Click to select) V Requirement 2: (a) If the required return is 11 percent, what is the NPV for each project? (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).) Net present value Project I Project II (b) If the company applies the NPV decision rule, which project should it take? |(Click to select) /1