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Eddie Corporation is considering the following three investment projects (Ignore income taxes.): Project C Project D Project E Investment required $ 12,400 $ 55,000 $

Eddie Corporation is considering the following three investment projects (Ignore income taxes.):

Project C Project D Project E
Investment required $ 12,400 $ 55,000 $ 100,000
Present value of cash inflows $ 14,830 $ 78,950 $ 117,160

The profitability index of investment project D is closest to:

Multiple Choice:

0.30

0.56

0.44

1.44

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