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Shenandoah Springs Company is considering two investment opportunities whose cash flows are provided below: Year Om + Investment A $(15,000) 5,000 5,000 5,000 4,000 Investment
Shenandoah Springs Company is considering two investment opportunities whose cash flows are provided below: Year Om + Investment A $(15,000) 5,000 5,000 5,000 4,000 Investment B $(9,000) 5,000 4,000 3,000 1,000 The company's hurdle rate is 12%. What is the present value index of Investment B? (PV of $1 and PVA of $1) (Use appropriate factor(s) from the tables provided. Do not round your intermediate calculations. Round your answer to two decimal points.) Multiple Choice O 0 0 None of these answers are correct
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