The following are the cash flows of two projects:

Year		Project A					Project B
0			$	360				$	360
1				190					260
2				190					260
3				190					260
4				190

If the opportunity cost of capital is 12%, what is the profitability index for each project? (Do not round intermediate calculations. Round your answers to 4 decimal places.)

Project	Profitability index
A
B

Is the project with the highest profitability index also the one with the highest NPV?

	Yes
	No