Which of the following statements regarding the profitability index is true?

Select one:

a.A profitability index greater than 1.0 means that the investment will take longer than one year to pay for itself.

b.A profitability index greater than 1.0 means that the investment should not be made.

c.When comparing projects, the one with the highest profitability index will have a longer payback period.

d.When comparing projects, the one with the highest profitability index is preferred.