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please show how to do on paper ap: 598.73 # 21. You are a teaching assistant for COMM203 course. Students comes to and ask for
please show how to do on paper
ap: 598.73 # 21. You are a teaching assistant for COMM203 course. Students comes to and ask for help to calculate to calculate profitability index based on the following information: Year Cash Flow 0 1 2 3 4 5 (149,000) 40,300 59.800 20.500 35,000 24.900 The required rate of return is 5%. Based on the given information, the profitability index for an investment is: A. 0.94 B. 1.45 C. 1.03 D. 1.06 E. None of the given answers is correct Answer:D ) Profitability Index (PI) = PV of future cash flow Initial cost Step by Step Solution
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