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Mountain Brook Company is considering two investment opportunities whose cash flows are provided below: Year Investment A Investment B 0 ($15,250) ($9,300) 1 5,090 5,090
Mountain Brook Company is considering two investment opportunities whose cash flows are provided below: Year Investment A Investment B 0 ($15,250) ($9,300) 1 5,090 5,090 2 5,090 4,080 3 5,090 3,110 4 4,080 1,120 The company's hurdle rate is 11%. What is the present value index of Investment B? (Do not round your PV factors and intermediate calculations. Round your answer to 2 decimal places.)
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