37) You are considering an investment in two projects, A and B. Both projects have an initial cash outlay of $60,000, the discount rate 5.5% and the projected cash flows are as follows:

Time	Project A	Project B
Year 1	20,000	35,000
Year 2	25,000	30,000
Year 3	30,000	25,000
Year 4	35,000	15,000

Profitability Index (PI) for project A is about 1.95

Select one:

True

False

Q15) Ray Noble purchased an investment 4 years ago $1,300. Now, it is worth $1,407. The compounded annual rate of return has Ray earned on this investment is about 3%

Select one:

True

False