please show the solving clearly for question 2

2. Data related to two mutually exclusive projects are given in the table below. 2 Click the icon to view the relevant data for two projects. 3 Click the icon to view the interest factors for discrete compounding when i= 5% per year. (a) Find the profitability index for each project at i = 5%? (Round to three decimal places.) Project A1 Project A2 PICT) (b) Which project would you choose based on the profitability index criterion? Incremental Pl ratio is (Round to three decimal places.) Therefore, I would choose (1). 2: More Info Project A1 Project A2 Investment Required at n = 0 $750,000 $900,000 1 2 3 4 5 $100,000 $100,000 $100,000 $280,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $200,000 $300,000 $300,000 $270,000 $270,000 $170,000 $90,000 $70,000 6 7 8 9 10 3: More Info Single Payment Compound Present Amount Worth Factor Factor (F/P, i, N) (P/F, I, N) 1.0500 0.9524 1.1025 0.9070 Compound Amount Factor (F/A, i, N) 1.0000 2.0500 Equal Payment Series Sinking Present Fund Worth Factor Factor (A/F, i, N) (P/A, I, N) 1.0000 0.9524 0.4878 1.8594 Capital Recovery Factor (A/P, i, N) 1.0500 N 1 2 0.5378 3 1.1576 0.8638 2.7232 0.3672 3.1525 4.3101 4 1.2155 0.8227 0.3172 0.2320 0.1810 3.5460 0.2820 5 1.2763 0.7835 5.5256 4.3295 0.2310 6 1.3401 0.7462 6.8019 0.1470 5.0757 0.1970 7 1.4071 8.1420 0.1228 5.7864 0.1728 0.7107 0.6768 8 0.1047 6.4632 0.1547 1.4775 1.5513 9.5491 11.0266 9 0.6446 0.0907 7.1078 0.1407 10 1.6289 0.6139 12.5779 0.0795 7.7217 0.1295 (1) O Project A2 O Project A1