11- A project requires an investment of $10 million and has an NPV of $16 million. What is its profitability index? a. 1.0 b. 1.6 c. 0.6 d. 3.2 12- A profitability index of 85 for a project means that: a. the present value of benefits is 85% greater than the project's costs. b. the project's NPV is greater than zero. C. the project returns 85 cents in present value for each current dollar invested. d. the payback period is less than one year