The following are the cash flows of two projects:

Year

Project A

Project B

0

$

270

$

270

1

150

170

2

150

170

3

150

170

4

150

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