The Michner Corporation is trying to choose between the following two mutually exclusive design projects: Year Cash Flow (1) Cash Flow (II) -$ -$ 0 57,000 18,700 1 25,800 10,050 2 25,800 10,050 3 25,800 10,050 a-1.If the required return is 11 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.) 6,047.840 Project Project II 5,859.330 a-2.If the company applies the profitability index decision rule, which project should the firm accept? O Project 1 O Project II b-1.What is the NPV for both projects? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) $ 1.11 Project 1 Project 11 1.31 b-2.If the company applies the NPV decision rule, which project should it take? Project 1 O Project 11