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Mountain Brook Company is considering two investment opportunities whose cash flows are provided below: Year Investment A Investment B 0 $ -19,000 $ -13,800 1

Mountain Brook Company is considering two investment opportunities whose cash flows are provided below: Year Investment A Investment B 0 $ -19,000 $ -13,800 1 6,440 $ 6,440 2 6,440 $ 5,280 3 6,440 $ 4,760 4 5,280 $ 2,920 The company's hurdle rate is 11%. What is the present value index of Investment A? (Do not round your PV factors and intermediate calculations.) 1.05 1.00 1.01 None of the above answers are correct.

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