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Drexel is trying to decide between the following tow mutually exclusive design projects. If the required rate of return is 12 percent, what is

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Drexel is trying to decide between the following tow mutually exclusive design projects. If the required rate of return is 12 percent, what is the profitability index for Project B? Inputs Year Project A Project B 0 1 2 3 4 $ 67,000.00 $ (350,000.00) $ (195,000.00) $ 67,000.00 $ - $ 67,000.00 $ 90,000.00 $ 67,000.00 $93,500.00 $ 95,000.00 Required Return 12% State your answer to 4 decimal places.

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