Question: Year Project X Project Y 0 - $20,000 - $20,000 1 12,030 6,570 2 5,960 6,570 3 5,960 6,570 4 1,920 6,570 The cost
Year Project X Project Y 0 - $20,000 - $20,000 1 12,030 6,570 2 5,960 6,570 3 5,960 6,570 4 1,920 6,570 The cost of capital for both projects is 10 percent. Calculate the profitability index (PI) for each project. (Do not round discount factors. Round intermediate calculations to 2 decimal places, e.g. 15.25 and final answers to 4 decimal places, e.g. 1.2527.) The PI for project X is and the PI for project Y is
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