23) 23) Icecap LLC is considering a new asset project that is designed to measure the carbon dioxide footprint of consumers. The initial cash outflow (ICO) for this trial project will be $695,000. The firm's hurdle rate is 16 percent. The after-tax cash flows associated with this project are: Year Projects 1 $ 50,000 100,000 500,000 648,000 2 3 4 24) Which of the following is the closest profitability index (PT) of the project? A) Greater than 1.50 B) Less than 0.5 C) Between and including 1.01 to 1.50 D) Between and including 0.50 to 1.00 24) Solar Wind Power Corp is considering a complex project that will terminate in four years. The initial cash outflow (ICO) is $13,000. The firm's hurdle rate is 12 percent. The after-tax cash flows associated with this project are: Year Project CFS 1 $3,000 2 4,000 3 5,000 4 6,000 Which of the following is the closest net present value (NPV) of the project? A) Greater than $1,000 B) Between $501 and $1,000 C) Between $1 and $500 D) Less than $0