XYZ Manufacturing has the following two projects. The required return is 12 percent

YearProject YProject Z

0-$47,600-$81,000

1 23,900 34,000

2 18,600 32,800

3 20,700 30,500

4 14,600 27,300

Find the profitability index and NPV for each project and what is the project should be accepted?