Please highlight or specify the answer and double check your work, I tried multiple times, thank you.

Problem 5-15 Profitability index Consider the following projects: Project D E Cash Flows ($) Co -11,100 -21,100 Ci 22,200 34,500 Assume that the projects are mutually exclusive and that the opportunity cost of capital is 11%. a. Calculate the profitability index for each project. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Project Profitability Index 1.80 1.47 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 0.89 b-2. Which project should you choose? Project D Project E