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Question 15 (1.5 points) You have just started work at a large frozen food manufacturer and have been assigned to lead a team that makes

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Question 15 (1.5 points) You have just started work at a large frozen food manufacturer and have been assigned to lead a team that makes recommendations to the CFO on capital expenditures for the coming year. You are evaluating two projects; Project A and Project B. You estimate the cost of capital is 10% and that the investments will produce the following after tax cash flows (in millions of dollars). Year Project Project B -44 -30 28 20 2 13 3 7 You have calculated the NPV project B to be $2.38 million. What is the Profitability Index (PI) of Project B? A 0 9 9

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