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The following information is provided by Rojas Company: Project A Project B Project C Project D Initial investment $424,000 $214,000 $552,000 $514,000 PV of cash
The following information is provided by Rojas Company: Project A Project B Project C Project D Initial investment $424,000 $214,000 $552,000 $514,000 PV of cash inflows $582,000 $396,000 $816,000 $390,000 Payback period (years) 3.6 3.2 4.0 2.0 NPV of project $158,000 $182,000 $264,000 ($124,000) What is the profitability index for Project B? (Round your answer to two decimal places.) O A. 1.36 O B. 1.85 O C. 1.24 O D. 1.92
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