Your company has extra cash which it would like to use to invest into something new and profitable. There are two mutually exclusive projects under consideration. - Project \#1 will require an initial investment of $350, and the present value of all of its future estimated profits is $420. - Project \#2 will require an initial investment of $280, and the present value of all of its future estimated profits is $370. Based on this information, answer the following questions. (a) For Project \#1, the Profitability Index equals Round to TWO decimal places, for example, 1.23 (b) For Project \#2, the Profitability Index equals Round to TWO decimal places, for example, 1.23 (c) Based on the Profitability Indexes, your company should (type accept or reject) Project \#1 and (type accept or reject) Project \#2