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Shenandoah Springs Company is considering two investment opportunities whose cash flows are provided below: Year Investment A Investment B 0 $(18,750) $(13,500) 1 6,350 6,350

Shenandoah Springs Company is considering two investment opportunities whose cash flows are provided below: Year Investment A Investment B 0 $(18,750) $(13,500) 1 6,350 6,350 2 6,350 5,200 3 6,350 4,650 4 5,200 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)

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