Question: Robben Manufacturing has the following two possible projects. The required return is 11 percent. Year 0 Project Y $ 27,300 13,300 11,700 14,100 9,700 Project

 Robben Manufacturing has the following two possible projects. The required return

Robben Manufacturing has the following two possible projects. The required return is 11 percent. Year 0 Project Y $ 27,300 13,300 11,700 14,100 9,700 Project Z $ 53,000 20,500 24,000 18,500 22,000 a. What is the profitability index for each project? (Do not round intermediate calculations and round your answers to 3 decimal places, e.g., 32.161.) Profitability index Project Y Project Z b. What is the NPV for each project? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) NPV Project Y Project Z c. Which, if either, of the projects should the company accept? (Click to select)

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