You are asked to evaluale the following lwo projects for Boring Corporation. Use a discount rale of 12 percent. Use Appendix B. Project X (DVD of the Weather Reports) ($50,000 Investment) Year Cash Flow $25,000 23,000 24,000 23, tee Project Y (5low-Motion Replays of Comercials) ($79,309 Investment) Year Cash Flow 1 $35,020 28.000 29,086 31,090 a. Calculate the profitability index for project X. (Round "PV Factor" to 3 decimal places. Round the final answer to 2 decimal places.) PI b. Calculate the profitability Index for project Y. (Round "PV Factor" to 3 decimal places. Round the final answer to 2 decimal places.) PI c. Using the NPV method combined with the Pl approach, which project would you select? Use a discount rate of 12 percent. Project Y Project X