You are asked to evaluate the following two projects for the Norton corporation Use a discount rate of 13 percent Use Appendix B for an approximate answer but calculate your final answer using the formula and financial calculator methods Project X (Videotapes of the Weather Report) ($52,000 Investment) Project Y (Slow Motion Replays of Commercials) ($72,000 Investment) Year Cash Flow Year Cash Flow 1 $ 26,000 1 $ 36,000 2 24,000 2 29,000 3 25,000 3 30,000 4 24,600 4 32,000 Calculate the profitability index for project X Note Do not round intermediate calculations and round your answer to 2 decimal places Calculate the profitability index for project Y Note Do not round intermediate calculations and round your answer to 2 decimal places

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Question: You are asked to evaluate the following two projects for the Norton corporation. Use a discount rate of 13 percent. Use Appendix B for an

You are asked to evaluate the following two projects for the Norton corporation. Use a discount rate of 13 percent. Use Appendix B for an approximate answer but calculate your final answer using the formula and financial calculator methods.

Project X (Videotapes of the Weather Report) ($52,000 Investment)	Project Y (Slow-Motion Replays of Commercials) ($72,000 Investment)
Year	Cash Flow	Year	Cash Flow
1	$ 26,000	1	$ 36,000
2	24,000	2	29,000
3	25,000	3	30,000
4	24,600	4	32,000

Calculate the profitability index for project X.

Note: Do not round intermediate calculations and round your answer to 2 decimal places.

Calculate the profitability index for project Y.

Note: Do not round intermediate calculations and round your answer to 2 decimal places.

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