Vista Company is considering two new projects, each requiring an equipment investment of $97,000. Each project will last for three years and produce the following cash inflows: Year Cool Hot 1 $38,000 $42,000 2 43,000 42,000 3 48,000 129,000 42,000 $126.000 The equipment will have no salvage value at the end of its three-year life. Vista Company uses straight-line depreciation and requires a minimum rate of return of 12%. Present value data are as follows: Present Value of 1 Period 12% 1 .893 2 .797 3 .712 Present Value of an Annuity of 1 Period 12% 1 893 2 1.690 3 2.402 Your answer is correct. Compute the net present value of each project. Project Cool Net present value $ 5381 Project Hot 3884 Compute the profitability index of each project. (Round answers to 2 decimal places, e.g. 15.25.) Project Cool Profitability index Project Hot