The Michner Corporation is trying to choose between the following two mutually exclusive design projects: Year Cash Flow (1) Cash Flow (1) 0 -$ -$ 62,000 18,200 1 33,000 9,800 2 33,000 9,800 3 33,000 9,800 a-1.If the required return is 12 percent, what is the profitability index for both projects? (Do not round intermediate calculations and round your answers to 3 decimal places, e.g., 32.161.) Project 1 Project II a. If the company applies the profitability index decision rule, which project should the 2. firm accept? O Project 1 O Project