Transcribed image text: Q 25.24: Doyle, Inc. is planning to purchase equipment costing $112,000. Doyle uses a 10% discount rate and the project has a profitability index of 1.10. The present value of the cash flows associated with the project are A Less than $112,000. B Cannot be determined unless the number of periods is known. $112,000 D Greater than $112,000