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Consider projects A and B with the following cash flows: C 0 C 1 C 2 C 3 A $ 39 + $ 23 +

Consider projects A and B with the following cash flows:
C0 C1 C2 C3
A $ 39 + $ 23 + $ 23 + $ 23
B 64 + 33 + 33 + 33

What is the NPV of each project if the discount rate is 15%? A: is 13.51 B: is 11.35

What is the profitability index of each project (Do not round intermediate calculations. Answer needs to be rounded to 2 decimal places

A: ???? (is not 1.34)

B: ???? (is not 1.17)

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