You are asked to evaluate the following two projects for Boring Corporation. Use a discount rate of 10 percent. Use Appendix B Project X (DVDs of the Weather Reports) ($10,000 investment) Project Y (Slow Motion Replays of Commercials) ($30,000 investment) Cash Flow $5,000 Year 1 2 3 4 3,000 Year 1 2 3 4 Cash Flow $15,000 8,000 9,000 11,600 4,000 3,600 a. Calculate the profitabilly index for project X (Round "PV Factor" to 3 decimal places. Round the final answer to 2 decimal places.) PI b. Calculate the profitability Index for project Y. (Round "PV Foctor" to 3 decimal places, Round the final answer to 2 decimal places.) PI c. Using the NPV method combined with the Plapproach which project would you select? Use a discount rate of 10 percent Project X Project Y