b-1. What is the NPV for each project? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) NPV Project I $ 9,393.69 Project II $ 5,994.89 b-2. If the company applies the NPV decision rule, which project should it take? Project II Project I Problem 5-12 Problems with Profitability Index Cori's Sausage Corporation is trying to choose between the following two mutually exclusive design projects: Year Cash Flow (1) Cash Flow (II) 0723 -$46,000 -$20,800 1 23,500 12,000 23,500 12,000 23,500 12,000 a-1. If the required return is 10 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.) Profitability Index Project I 1.270 Project II 1.434