Coore Manufacturing has the following two possible projects. The required return is 11 percent. Year Project...

  

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Coore Manufacturing has the following two possible projects. The required return is 11 percent. Year Project Y 0 -$28,000 1234 Project Z -$60,000 14,000 17,000 12,400 31,000 14,800 15,000 10,400 29,000 a. 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.) b. What is the NPV for each project? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) c. Which, if either, of the projects should the company accept? Answer is complete but not entirely correct. a. Project Y 1.441 Project Z 1.176 b. Project Y $ 40,349.17 x Project Z $ 70,546.69 x Accept C. Project Y project Coore Manufacturing has the following two possible projects. The required return is 11 percent. Year Project Y 0 -$28,000 1234 Project Z -$60,000 14,000 17,000 12,400 31,000 14,800 15,000 10,400 29,000 a. 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.) b. What is the NPV for each project? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) c. Which, if either, of the projects should the company accept? Answer is complete but not entirely correct. a. Project Y 1.441 Project Z 1.176 b. Project Y $ 40,349.17 x Project Z $ 70,546.69 x Accept C. Project Y project