Your firm has estimated the following cash flows for two mutually exclusive capital investment projects.

The firm's required rate of return is 12%.

Year Project A Cash Flow Project B Cash Flow

0 -$168,000 -$168,000

1 84,000 10,000

2 78,400 22,000

3 78,400 22,000

4 14,000 98,000

5 14,000 120,000

6 11,200 120,000

What is the Profitability Index of project B?

a	1.19
b	1.03
c	1.39
d	1.42
e	1.28