Yokam Company is considering two alternative projects. Project 1 requires an initial investment of $510,000 and has a present value of cash flows of $1,100,000.0. Project 2 requires an initial investment of $5,000,000 and has a present value of cash flows of $7,000,000 1. Compute the profitability Index for each project. 2. Based on the profitability index, which project should the company prefer? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the profitability Index for each project Profitability Index Choose Denominator Choose Numeratori Profitability Index Prontability index 0 Project 1 Project 2 0 Required 2 > Yokam Company is considering two alternative projects. Project requires an initial Investment of $510,000 and has a present value of cash flows of $1100,000.0. Project 2 requires an initial investment of $5,000,000 and has a present value of cash flows of $7.000.000 1. Compute the profitability index for each project. 2. Based on the profitabilty index, which project should the company prefer? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Based on the profitability index, which project should the company prefer? Based on the profitability index, which project should the company prefer?