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Shenandoah Springs Company is considering two investment opportunities whose cash flows are provided below: Year 0 1 Investment A $(18,500) 6,260 6,260 6,260 5,120 Investment

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Shenandoah Springs Company is considering two investment opportunities whose cash flows are provided below: Year 0 1 Investment A $(18,500) 6,260 6,260 6,260 5,120 Investment B $(13,200) 6,260 5, 120 4,540 2,680 2 3 4 The company's hurdle rate is 8%. 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 intermediate calculations. Round your answer to two decimal points.) Multiple Choice 1.12 1.19 1.00

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