Shenandoah Springs Company is considering two investment opportunities whose cash flows are provided below: Year Investment A Investment B $(13,500) 0 $(18,750) 1 6,350 6,350 2 6,350 5,200 3 4 6,350 5,200 4,650 2,800 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 intermediate calculations. Round your answer to two decimal points.) Multiple Choice 1.03 1.10 1.00 None of these answers is correct