The following information is provided by Cupola Systems: Project A Project B Project C Project D Initial investment $420,000 $218,000 $564,000 $500,000 PV of cash inflows $580,000 $396,000 $820,000 $402,000 Payback period (years) 3.6 3.2 4.0 2.0 NPV of project $160,000 $178,000 $256,000 ($98,000) Calculate the profitability index for Project A. (Round your answer to two decimal places.) . . . . . O A. 1.38 O B. 1.03 O C. 1.08 O D. 1.67