You are asked to evaluate the following two projects for the Norton corporation. Use a discount rate of 12 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) ($48,000 Investment) Project Y (Slow-Motion Replays of Commercials) ($68,000 Investment) Year Cash Flow Year Cash Flow 1 $ 24,000 1 $ 34,000 2 22,000 2 27,000 3 23,000 3 28,000 4 22,600 4 30,000. Calculate the profitability index for project X and Y.

Choose the best term for each definitionexpense, liability, monetary asset, statement of financial position, tangible asset, net worth, market value, investment asset, income, assetitems of monetary value a person or household ownsmoney spentmoney receivedfinancial assets purchased with the hope that they will generate income and appreciate in value to make it possible to sell at a higher price in the futurea debt or obligation owed to othersthe amount you could realistically sell an asset forassets that can be quickly and easily converted into casha measure of financial wealth and indicates the monetary value of all possessions that a person or household owns, minus the total amounts owed to othersa financial statement that describes an individual or family's financial condition on a specified date by showing assets, liabilities, and net worthpersonal property that was purchased to create a lifestyle or improve your life

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If the economy were in the contracting phase of the business cycle, how might that affect your ability to find work?