Current Attempt in Progress Richard Miller is evaluating two new business opportunities. Each of the opportunities shown below has a 15-year life. Richard uses a 12% discount rate. Option 1 Option 2 Equipment purchase and installation $ 70,100 $ 81,430 Annual cash flow $ 28,900 $ 31,340 $5,000 Equipment overhaul in year 6 Equipment overhaul in year 8 $ 6,350 Click here to view the factor table. Calculate the net present value of the two opportunities. (Round present value factor calculations to 4 decimal places, es 1.2514 and the final answers to O decimal places.e.g. 59.991.) Option 1 Option 2 Net present value $ 146894 $ 153983 eTextbook and Media Save for Later Attempts: 1 of 3 used Submit Answer (b) Calculate the profitability index of the two opportunities. (Round answers to 2 decimal places. c.8. 15.25.) Option 1 Option 2 Profitability Index