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The Asgard Brewing Company is investing in a new zwickelhahn (apparatus used for drawing unfiltered beer out of a fermenter). The project has the following

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The Asgard Brewing Company is investing in a new zwickelhahn (apparatus used for drawing unfiltered beer out of a fermenter). The project has the following cash flows. Calculate the profitability index if the appropriate discount rate is 10% 1 Zwickelhahn Project Year Cash Flows 0 -20,000 3,000 2 4,500 3 6.000 4 7,500 5 9,000 Select one: O A. 1.17 O B. 1.08 O C. 1.04 O D. 1.50 O E. 1.23

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