Yokam Company is considering two alternative projects Project 1 requires an initial investment of 5510,000 and has a present value of cash flows of $1,200,000. Project 2 requires an initial Investment of $4 million and has a present value of cash flows of $7 milion 1. Compute the profitability Index for each project. Profitability Index Choose Denominator Choose Numerator: - Profitability Index Profitability index Project 1 Project 2 2. Based on the profitability Index, which project should the company prefer? Project 1 Project 2