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Eddie Corporation is considering the following three investment projects (Ignore income taxes.): Project C Project D Project E Investment required $ 11,400 $ 45,000 $
Eddie Corporation is considering the following three investment projects (Ignore income taxes.):
| Project C | Project D | Project E | |
|---|---|---|---|
| Investment required | $ 11,400 | $ 45,000 | $ 90,000 |
| Present value of cash inflows | $ 12,330 | $ 55,650 | $ 101,660 |
The profitability index of investment project D is closest to:
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