Oceanic Airlines is considering installing new entertainment consoles into their air liners. Their initial proposal has a cost of $280,000 and will bring increased operating cash flows of $ 190,000 for three years. The company's opportunity cost of capital is 13%. The firm also has a limited investment budget and is considering an alternative project with a profitability index of $0.50 What is the profitability index of the initial proposal and which one should the firm choose? A) $0.80 choose the initial project B) $0.60 choose the initial project C) $0.69 choose the initial project D) $0.80 choose the alternative project E) $0.69 choose the alternative project