The Michner Corporation is trying to choose between the

following two mutually exclusive design projects:

a$-1.$ If the required return is $10$ 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$.,32\mathrm{.}161.$

a$-2.$ If the company applies the profitability index decision

rule, which project should it take?

b$-1.$ If the required return is $10$ percent, what is the NPV

for each project?

Note: Do not round intermediate calculations and round

your answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

b$-2.$ If the company applies the net present value decision

rule, which project should it take?