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Norton Company is considering two alternative projects. Project 1 requires an initial investment of $800,000 and has a present value of all its cash flows

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Norton Company is considering two alternative projects. Project 1 requires an initial investment of $800,000 and has a present value of all its cash flows of $2,200,000. Project 2 requires an initial investment of $4,000,000 and has a present value of all its cash flows of $6,000,000. The profitability index for Project 1 is: Multiple Choice 1.50. O 0.67 o 2.75. O 0.36. o O 2.65

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