You are asked to evaluate the following two projects for Boring Corporation. Use a discount rate of 13 percent. Use Appendix B. Project X (DVDS of the Weather Reports) $18,000 Investment Year Cash Flow $9,000 7,000 8,888 7,600 Project Y (Slow-Motion Replays of Commercials) 38,000 Investment) Year Cash Flow $19,000 12,033 13,000 15,000 a. Calculate the profitability index for project X. (Round "PV Foctor" to 3 decimal places. Round the final answer to 2 decimal places.) 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 13 percent Project Y Project X