Already did the all problem but I dont understand why the index says it is wrong. thumb up if right.

Your answer is incorrect. Calculate the profitability index of the two opportunities. (Round answers to 2 decimal places, e.g. 15.25.) Option 1 Option 2 Profitability Index 1.66 1.49 e Textbook and Media Save for Later Last saved 11 minutes ago. Attempts: 1 of 3 used Submit Answer Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes. Donald Martin is evaluating two new business opportunities. Each of the opportunities shown below has a 15-year life. Donald uses a 12% discount rate. Option 1 Option 2 Equipment purchase and installation $71,100 $82,150 Annual cash flow $28.100 $30.440 Equipment overhaul in year 6 $4,710 Equipment overhaul in year 8 $5,970 Click here to view the factor table