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