You are asked to evaluate the following two projects for Norton corporation. use a discount rate of ten percent.

Saved You are asked to evaluate the following two projects for the Norton corporation. Use a discount Appendix B for an approximate answer but calculate your final answer using the formula and fi Project X (Videotapes of the Weather Report) Project Y (Slow-Motion ($45,000 Investment) Replays of Commercials) ($78,088 Investment) Year Cash Flow Year Cash Flow 1 $29,000 1 $ 39, eee 2 27,000 2 32,000 3 18,000 3 33,eee 4 35,000 21,600 -. Calculate the profitability index for project X. (Do not round intermediate calculations laces.) Profitability index