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The Weiland Computer Corporation is trying to choose between the following two mutually exclusive design projects: Year Cash Flow (I) Cash Flow (II) 0 $38,000

The Weiland Computer Corporation is trying to choose between the following two mutually exclusive design projects:

Year Cash Flow (I) Cash Flow (II)
0 $38,000 $8,100
1 17,000 2,600
2 17,000 2,600
3 17,000 2,600
The required return is 8 percent.
(a)

The profitability index for Projects I and II is_____ and____, respectively. (Round your answers to 3 decimal places. (e.g., 32.161)). If Weiland On Computer applies the NPV decision rule, it should accept Project (Click to select)(I/II)

(b)

The NPV for Projects I and II is $_____ and $____, respectively. (Do not include the dollar signs ($). Round your answers to 2 decimal places. (e.g., 32.16)). If Weiland On Computer applies the NPV decision rule, it should accept Project (Click to select)(I/II)

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