The following information is provided by Kilmer Systems: Previc Initial investment PV of cash inflows Payback period (years) NPV of project Project A Project B Project C $422,000 $206,000 $550,000 $580,000 $392,000 $814,000 3.6 3.2 4.0 $ 158,000 $186,000 $264,000 Project D $500,000 $408,000 2.0 ($92,000) What is the profitability index for Project C? (Round your answer to two decimal places.) O A. 1.26 OB. 1.38 O c. 1.23 OD. 1.48