Question
Hartley Company is considering the following investment proposals: A B C D Investment required $160,000 $200,000 $120,000 $150,000 Present value of future net cash flows
Hartley Company is considering the following investment proposals:
| A | B | C | D | |
| Investment required | $160,000 | $200,000 | $120,000 | $150,000 |
| Present value of future net cash flows | 192,000 | 300,000 | 168,000 | 240,000 |
Management should rank the proposals in terms of preference using the profitability index as:
B, D, A, C.
D, B, C, A.
A, C, B, D.
B, D, C, A.
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Accounting Information Systems
Authors: Marshall B. Romney, Paul J. Steinbart
13th edition
133428532, 978-0133428537
