Cori's Sausage Corporation is trying to choose between the following two mutually exclusive design projects:...

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Finance

Cori's Sausage Corporation is trying to choose between the following two mutually exclusive design projects:

Year Cash Flow (I) Cash Flow (II)
0 $ 51,000 $ 25,800
1 25,000 13,500
2 25,000 13,500
3 25,000 13,500

a-1.

If the required return is 12 percent, what is the profitability index for each project?(Do not round intermediate calculations and round your answers to 3 decimal places, e.g., 32.161.)

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