Yokam Company is considering two alternative projects. Project 1 requires an initial investment of $590,000 and has a present value of cash flows of $1,850,000. Project 2 requires an initial investment of $5 million and has a present value of cash flows of $7 million. 1. Compute the profitability index for each project. Profitability Index Choose Denominator: Choose Numerator: = = Profitability Index Profitability index Project 1 Project 2