Yokam Company is considering two alternative projects. Project 1requires an initial Investment of $420,000 and has a present value cf cash flows of $2,050,000. 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 Numerator l Choose Denominator:Profitability Index Profitability index Project 1 Project 2 2. Based on the profitability index, which project should the company prefer? Project 1 O Project 2