Questions 13 - 18 are all based on the following information, Reggie Redbird, the CEO of Plainfield Pruners, Inc. believes that the firm could create additional value by adding snippers to its product mix. Machinery used in producing the snippers would cost $7,990,000. According to Redbird's projections, the subsequent net cash flows the company would generate for the investors if it entered the snipper business would be $1,046,000 per year for 13 years. These are the only cash flows expected. The firm's annual weighted average cost of capital for a project of this type is 8.4%, QUESTION: What is the PROFITABILITY INDEX for the snipper project? O A. 1.0123 OB. 7.6386 OC. 0.5876 OD 1.7019 E. 0.1430 Reset Selection 602 PM 6/6/2020 o rch for anything 2 E G H