The Michner Corporation is trying to choose between the following two mutually

exclusive design projects:

Q$-1.$If the required return is $10$ percent, what is the profitability index for both projects?

$($Do not round Intermedlete calculations and round your answers to $3$ declmal

places, e$.$g$.,32\mathrm{.}161.)$

a$-$ If the company applies the profitability index decision rule, which project should the

firm accept?

Project I

Project II

b$-$ What is the NPV for both projects? $($A negatlve onswer should be Indlcated by $a$

minus sign. Do not round Intermedlate calculations and round your answers to $2$

decimal ploces, e$.$g$.,32\mathrm{.}16.)$