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The Sloan Corporation is trying to choose between the following two mutually exclusive design projects Cash Flow Cash Flow Year 0 $65,000 -$17,900 9,650 9,650

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The Sloan Corporation is trying to choose between the following two mutually exclusive design projects Cash Flow Cash Flow Year 0 $65,000 -$17,900 9,650 9,650 9,650 30,000 30,000 30,000 2 3 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 l Project ll a-2lf the company applies the profitability index decision rule, which project should the firm accept? Project l Project

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