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Kartman Corporation is evaluating four different real estate investments, Management plans to buy the properties today and sell them three years from today. The annual

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Kartman Corporation is evaluating four different real estate investments, Management plans to buy the properties today and sell them three years from today. The annual discount rate for these investments is 13%. The following table summarizes the initial cost and the sale price in three years for each property Cost Today Sale Price In Year 3 Parkside Acres $520,000 $1,020,000 Real Property Estates 890.000 1.490,000 Lost Lake Properties 510.000 910,000 Overlook 20,000 220,000 Kartman has a total capital budget of $540,000 to invest in properties. Which properties should it choose? The profitability index for Parkside Acres i (Round to two decimal places)

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