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Cori's Sausage Corporation is trying to choose between the following two mutually exclusive design projects: Year Cash Flow (I) Cash Flow (II) 0 $ 50,000
Cori's Sausage Corporation is trying to choose between the following two mutually exclusive design projects: |
Year | Cash Flow (I) | Cash Flow (II) | |||||
0 | $ | 50,000 | $ | 24,800 | |||
1 | 24,700 | 13,200 | |||||
2 | 24,700 | 13,200 | |||||
3 | 24,700 | 13,200 | |||||
a-1. | If the required return is 11 percent, what is the profitability index for each project? (Do not round intermediate calculations and round your answers to 3 decimal places, e.g., 32.161.) |
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