An interior design studio is trying to choose between the following two mutually exclusive design projects: Cash Flow Cash Flow Year 0 -$64,000 -$18,000 9,700 9,700 9,700 31,000 31,000 31,000 points 2 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 l Project II a-2lf the company applies the profitability index decision rule, which project should the firm accept? Projectl O Project ll b-1 What is the NPV for both projects? (Round your answers to 2 decimal places. (e.g., 32.16)) NPV Project l Project ll b-2lf the company applies the NPV decision rule, which project should it take? Projectl O Project l