Dartford Corporation is evaluating four different real estate investments.

Problem 8.31 Question Help artford following table summarises the initial cost and the sale price in three years for each property: orporation is evaluating our different real estate investments. Management plans o buy the properties today and sell them tree years from today. The annual discount rate or these investments is 13%, The Cost Today $550 000 890 000 540 000 200 000 Sale Price in Year 3 Parkside Acres Precipice Estates East Lake Properties Oceanview $950 000 1 490 000 40 000 400 000 Dartford has a total capital budget of $750 000 to invest in properties. Which properties should it choose? The profitability index for Parkside Acres is (Round to two decimal places.)