The treasurer of Tropical Fruits, Incorporated, has projected the cash flows of Projects A$,$ B$,$ and C as follow

Year

Project A

Project B

Project C

$0$

$-$$ $185,000$

$-$$$350,000$

$ $185,000$

$1$

$121,000$

$131,000$

$2$

$121,000$

Suppose the relevant discount rate is $8$ percent per year.

a$.$ Compute the profitability index for each of the three projects.

Note: Do not round intermediate calculations and round your answers to $2$ decimal places, e$.$g$.,32$

b$.$ Compute the NPV for each of the three projects. Note: Do not round intermediate calculations and round your answers to $2$ decimal places, e$.$g$.,32$