1.67/5 View Policies Show Attempt History Current Attempt in Progress George Robinson is evaluating two new business opportunities. Each of the opportunities shown below has a 15-year life. Georpe uses a 12% discount rate Option 2 Option 1 $71,500 $82,870 $27,400 $29,570 Equipment purchase and installation Annual cash flow Equipment overhaul in year 6 Equipment overhaul in year 8 $4.990 $6,070 Click here to view the factor table Attempts: 2 of 3 used (b) Your answer is incorrect. Calculate the profitability index of the two opportunities. (Round answers to 2 decimal places, es 15.25) Option 1 Option 2 Profitability Index e Textbook and Media Attempts: 1 of 3 used Submit Answer Save for Later Last saved 7 seconds ago Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes