Please use the formulas as in excel, so I can see it and understand all numbers.

Thank you

The Sloan Corporation is trying to choose between the following two mutually exclusive design projects. If the required return is 10 percent, what is the profitability index for each project? What is the NPV for each project? Annual cash flows: Year 0 Year 1 Year 2 Year 3 $ $ $ $ I (51,000) 24,800 24,800 24,800 II (14,400) 7,800 7,800 7,800 Required return 10% Complete the following analysis. Do not hard code values in your calculations. You must use the built-in Excel function to answer this question. Profitability index (1) Profitability index (II) NPV (1) NPV (11)