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You are asked to evaluate the following two projects for the Norton corporation. Use a discount rate of 13 percent. Use ( underline{A} p underline{p}

image text in transcribed You are asked to evaluate the following two projects for the Norton corporation. Use a discount rate of 13 percent. Use \\( \\underline{A} p \\underline{p} \\) endix B for an approximate answer but calculate your final answer using the formula and financial calculator methods. a. Calculate the profitability index for project \\( X \\). Note: Do not round intermediate calculations and round your answer to \\( \\mathbf{2} \\) decimal places. b. Calculate the profitability index for project \\( Y \\). Note: Do not round intermediate calculations and round your answer to \\( \\mathbf{2} \\) decimal places. c. Which project would you select based on the profitability index? Project \\( X \\) Project \\( Y \\)

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