The following are the cash flows of two projects:

Year		Project A		Project B
0			$	380				$	380
1				210					280
2				210					280
3				210					280
4				210

If the opportunity cost of capital is 11%, 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