Coore Manufacturing has the following two possible projects. The required return is 11 percent.
YearProject YProject Z0−$ 27,200−$ 52,000113,20021,000211,60023,000314,00019,00049,60021,000
What is the profitability index for each project?
Note: Do not round intermediate calculations and round your answers to 3 decimal places, e.g., 32.161.
What is the NPV for each project?
Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.
Which, if either, of the projects should the company accept?