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Mountain Brook Company is considering two investment opportunities whose cash flows are provided below: Year Investment A Investment B 0 ($16,750) ($10,800) 1 5,540 5,540

Mountain Brook Company is considering two investment opportunities whose cash flows are provided below: Year Investment A Investment B 0 ($16,750) ($10,800) 1 5,540 5,540 2 5,540 4,480 3 5,540 3,660 4 4,480 1,470 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.) (PV of $1 and PVA of $1) (Use appropriate factor(s) from the tables provided.) rev: 04_27_2017_QC_CS-87659 0.88 1.40 1.14 None of these answers are correct.

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