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Shenandoah Springs Company is considering two investment opportunities whose cash flows are provided below: Year AWNO Investment A $(16,750) 5,630 5,630 5,630 4,560 Investment B
Shenandoah Springs Company is considering two investment opportunities whose cash flows are provided below: Year AWNO Investment A $(16,750) 5,630 5,630 5,630 4,560 Investment B $(11,100) 5,630 4,560 3,770 1,840 The company's hurdle rate is 10%. What is the present value index of Investment B? Use Appendix Table 1. (Do not round intermediate calculations. Round your answer to two decimal points.) 1.07 1.17 1.00 O None of these answers is correct
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