An interior design studio is trying to choose between the following two mutually exclusive design projects Cash Flow Cash Flow Year (0 (10) 0 $64,000 $18,000 1 31,000 9,700 2 31,000 9,700 3 31,000 9,700 a-1 If the required return is 10 percent, what is the profitability index for both projects? (Round your answers to 3 decimal places. (e.g. 32.161)) Profitability Index Project Project 1 a-2 if the company applies the profitability index decision rule, which project should the firm accept? Project O Project 1 b-1 What is the NPV for both projects? (Round your answers to 2 decimal places. (e.g.. 32.16)) Project Project NPV $ 9 b-21f the company applies the NPV decision rule, which project should it take? Project Project il