The following information is provided by Cupola Systems: Project A Project B Project C Project D Initial investment $422,000 $204,000 $562,000 $500,000 PV of cash inflows $570,000 $396,000 $812,000 $402,000 Payback period (years) 3.6 3.2 4.0 2.0 NPV of project $148,000 $192,000 $250,000 ($98,000) Calculate the profitability index for Project A. (Round your answer to two decimal places.) OA. 1.08 B. 0.97 C. 1.67 OD. 1.35