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You are asked to evaluate the following two projects for the Norton corporation. Use a...

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You are asked to evaluate the following two projects for the Norton corporation. Use a discount rate of 14 percent. Use Appendix 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 2 decimal places. b. Calculate the profitability index for project Y. Note: Do not round intermediate calculations and round your answer to 2 decimal places

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