You are asked to evaluate the following two projects for the Norton Corporation. Using the net present value method combined with the profitability index approach described in footnote 2 of this chapter, which project would you select? Use a discount rate of 14 percent. Year Project X (videotapes of the weather report) ($20,000 investment) Cash Flow $10,000 8.000 1 2 9.000 3 4 8.000 Year 1 Project X (videotapes of the weather report) ($40,000 investment) Cash Flow $20.000 13,000 14,000 3 4 18.000