Suppose you work for Apple, Inc., an American multinational technology company headquartered in Cupertino, California, as a financial analyst. You are provided with information about three different investment opportunities (Projects A, B, and C) that division managers believe are value-enhancing for the firm. The cash flows for each project are given below. As each project has the same risk, you may assume they all have a discount rate of 7.00%. Calculate the profitability index (PI) for project "B". There are no additional cash flows for Project B or Project C after period 4. Time Project A 0 1 2 3 4 I Infinity -$150 $25 $25 $25 $25 1 $25 Project B -$1,100 $200 $400 $600 $1,000 Project C -$1,600 $950 $350 $950 $250