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Please follow rounding instructions (in red), or it will be wrong, thanks! Question 5 1 pts Consider the following two independent investment opportunities that are

Please follow rounding instructions (in red), or it will be wrong, thanks!

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Question 5 1 pts Consider the following two independent investment opportunities that are available to Lion, Inc. The appropriate discount rate is 9.9%. Year Project X Project Y 0 $-1247 $-2192 594 975 2 985 2175 842 1358 What is the Profitability Index of project X? (Round answer to 2 decimal places. Do not round intermediate calculations)

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