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what is the profitability index for each Kartman Corporation is evaluating four different real estate investments, Management plans to buy the properties today and sell

what is the profitability index for each
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Kartman Corporation is evaluating four different real estate investments, Management plans to buy the properties today and sell them three years from today. The annual discount rate for those investments is 12%. The following table summarizes the initial cost and the sale price in three yours for each property Cost Today Sale Price in Year 3 Parkside Acres $540,000 $1,040,000 Real Property Estates 840,000 1.440,000 Lost Lake Properties 530,000 930,000 Overlook 40,000 240,000 Kartenan has a total capital budget of $580,000 to invest in properties. Which properties should it choose? The profitability index for Perkide Acres - (Round to two decimal place)

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