QUESTION 9 The following information is provided by Cupola Systems: Project A Project B Project C Project D Initial investment $426,000 $214,000 $558,000 $516,000 PV of cash inflows $584,000 $382,000 $806,000 $390,000 Payback period (years) 3.6 3.2 4.0 2.0 NPV of project $ 158,000 $168,000 $248,000 ($126,000) Calculate the profitability index for Project B. (To 2 decimal places) 1.79 O 0.56 O 1.27 O 2.27