Please make sure the answer is correct and explain how you got it, thanks!

The Michner Corporation is trying to choose between the following two mutually exclusive design projects: Q-1. If the required return is 12 percent, what is the profitability index for each project? Note: Do not round intermediate calculations and round your answers to 3 decimal places, e.g., 32.161. 0.2. If the company applies the profitability index decision rule, which project should it take? b.1. If the required retum is 12 percent, what is the NPV for each project? Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. b-2. If the company applies the net present value decision rule, which project should it take