Shenandoah Springs Company is considering two investment opportunities whose cash flows are provided below:

Year

Investment A InvestmentB

0$(15,250) $(9,300)

15,090 5,090

25,090 4,080

35,090 3,110

44,080 1,120

The company's hurdle rate is 12%. What is the present value index of Investment B? (PV of $1andPVA 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

• 1.04
• 1.00
• 1.15
• None of these answers are correct.