The following are the cash flows of two projects:

Year	Project A	Project B
0	$320	$320
1	150	220
2	150	220
3	150	220
4	150

a.	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

b.	Does the profitability index rank the projects correctly?
	Yes No