Item$21$

$2$

points

Item $21$

A project requires an investment of $$1,000$ and has a net present value of $$500.$ If the internal rate of return is $11\%,$ what is the profitability index for the project?

Note: Round your answer to $2$ decimal places.

Multiple Choice

$0\mathrm{.}11$

$1\mathrm{.}50$

$2\mathrm{.}73$

$0\mathrm{.}70$