Bramble Company is considering two new projects, each requiring an equipment investment of $$97,900.$ Each project will last for

three years and produce the following cash flows:

The equipment will have no salvage value at the end of its three$-$year life. Bramble Company uses straight$-$line depreciation and

requires a minimum rate of return of $12\%.$

Present value data are as follows:

question $2.$ compute the profitbility indiex of each project. Project cool and hot.

Question $3.$ which project should be selected?