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

exclusive design projects:

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$.,32\mathrm{.}161.)$

Project I

Project II

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 negative answer should be indicated by a

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

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

b$-$

If the company applies the NPV decision rule, which project should it take?