Profitability index. Given the discount rate and the future cash flow of each project listed in the following table, use the PI to determine which projects the company should accept.

Cash Flow

Project A

Project B

Year 0

minus$1 comma 900 comma 000

minus$2 comma 400 comma 000

Year 1

$550 comma 000

$1 comma 200 comma 000

Year 2

$650 comma 000

$1 comma 100 comma 000

Year 3

$750 comma 000

$1 comma 000 comma 000

Year 4

$850 comma 000

$900 comma 000

Year 5

$950 comma 000

$800 comma 000

Discount rate

5%

17%

What is the PI of projectA?