The following projects are under consideration by Smith's Food Markets, Inc. Smith's requires a 14% rate of return on projects of this nature.

Project A: CF₀ = -$90,000; CF₁-CF₆ = +$25,000

Project B: CF₀ = -$200,000; CF₁-CF₃ = +$90,000

What is the Profitability Index of project A?

Group of answer choices

1.08

1.35

1.50

1.67

1.04