The Michner Corporation is trying to choose between the following two mutually exclusive design projects: Year Cash Flow (I) Cash Flow (II) 0 -$ 79,000 -$ 37,000 1 30,500 12,500 2 3 26,500 20,500 39,000 45,000 a-1. If the required return is 13 percent, what is the profitability index for each project? Note: Do not round intermediate calculations and round your answers to 3 decimal places, e.g., 32.161. a-2. If the company applies the profitability index decision rule, which project should it take? b-1. If the required return is 13 percent, what is the NPV for each project? Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. b-2. If the company applies the net present value decision rule, which project should it take? Answer is complete but not entirely correct. a-1. Project I Project II 88,721.128 1.123 a-2. Project II b-1. Project I $ 46,022.86 Project II $ 1.24 b-2. Project II