PLEASE HELP!!! EMERGENCY!!!

8.) Consider the following projects:

PROJECT	CASH FLOWS ($) C0	C1
D	-11,800	23,600
E	-21,800	38,150

Assume that the projects are mutually exclusive and that the opportunity cost of capital is 9%. a. Calculate the profitability index for each project. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

PROJECT	profitability index
D
E

b-1. Calculate the profitability-index using the incremental cash flows. (Do not round intermediate calculations. Round your answer to 2 decimal places.)

profitability index =__________

b-2. Which project should you choose? A. PROJECT D

B.PROJECT E

PLEASE SHOW ALL WORK. THIS SAME QUESTION HAVE BEEN POSTED ON CHEGG MANY TIMES BUT THE ANSWERS ARE ALL WRONG., I SUBMITTED THOSE ANSWER AND IT WAS MARKED WRONG. THE ANSWER IS NOT 1.83, 1.61 ,1.33. PLEASE GIVE ME THE RIGHT ANSWER. THANK YOU