Yokam Company is considering two alternative projects. Project 1 requires an initial investment of $400,000 and has a present value of cash flows of $1,100,000. Project 2 requires an initial investment of $4 million and has a present value of cash flows of $6 million 1. Compute the profitability index for each project. Profitability Index Choose Numerator: Choose Denominator: Profitability Index Profitability index Project Project 2 2. Based on the profitability index, which project should the company prefer? OProject 1 OProject 2