You are asked to evaluate the following two projects for the Norton corporation. Use a discount rate of 10 percent.

Project X (Videotapes of the Weather Report) ($45,000 Investment)						Project Y (Slow-Motion Replays of Commercials) ($78,000 Investment)
Year		Cash Flow				Year		Cash Flow
1		$	29,000			1		$	39,000
2			27,000			2			32,000
3			18,000			3			33,000
4			21,600			4			35,000

a. Calculate the profitability index for project X. (Do not round intermediate calculations and round your answer to 2 decimal places.)

b. Calculate the profitability index for project Y. (Do not round intermediate calculations and round your answer to 2 decimal places.)