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The following information is provided by Glinda Systems: Project A Project B Project C Project D Initial investment $428,000 $212,000 $566,000 $512,000 PV of

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The following information is provided by Glinda Systems: Project A Project B Project C Project D Initial investment $428,000 $212,000 $566,000 $512,000 PV of cash inflows $590,000 $380,000 $814,000 $398,000 Payback period (years) 3.6 3.2 4.0 2.0 NPV of project $162,000 $168,000 $248,000 $114,000 What is the profitability index for Project B? (Round your answer to two decimal places.) 1.36 1.92 1.79 1.25

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