You are asked to evaluate the following two projects for the Norton corporation. Use a discount rate of 14 percent. Use Appendix 8 for an approximate answer but calculate your final answer using the formula and financlal calculator methods. a. Calculate the profitability index for project X Note: Do not round intermediate calculations and round your onswer to 2 decimal places. b. Calculate the profitability index for project Y. Note: Do not round intermediate calculations and round your answr to 2 decimal places. c. Which project would you select based on the profitability index? Project X Project Y Prenent value of 51,PVD PY=FV[I/(1+0)m]