The following information is provided by Rojas Company: $\begin{array}{|l|r|r|r|r|}
\hline&{\text { Project A }} &{\text { Project B }} &{\text { Project C }} & {\text { Project D }} \
\hline \text { Initial investment } & \$ 424,000 & \$ 212,000 & \$ 552,000 & \$ 504,000 \
\hline \text { PV of cash inflows } & \$ 588,000 & \$ 396,000 & \$ 800,000 & \$ 402,000 \
\hline \text { Payback period (years) } & 3.6 & 3.2 & 4.0 & 2.0 \
\hline\text { NPV of project }&\$ 164,000 & \$ 184,000 & \$ 248,000 & (\$ 102,000) \
\hline
\end{array}$ What is the profitability index for Project B? (Round your answer to two decimal places.)

Question

The following information is provided by Rojas Company: $\begin{array}{|l|r|r|r|r|} 
\hline&{\text { Project A }} &{\text { Project B }} &{\text { Project C }} & {\text { Project D }} \
\hline \text { Initial investment } & \$ 424,000 & \$ 212,000 & \$ 552,000 & \$ 504,000 \
\hline \text { PV of cash inflows } & \$ 588,000 & \$ 396,000 & \$ 800,000 & \$ 402,000 \
\hline \text { Payback period (years) } & 3.6 & 3.2 & 4.0 & 2.0 \
\hline\text { NPV of project }&\$ 164,000 & \$ 184,000 & \$ 248,000 & (\$ 102,000) \
\hline
\end{array}$ What is the profitability index for Project B? (Round your answer to two decimal places.)

Quizplus · Accepted Answer

The Answer of The following information is provided by Rojas Company: $\begin{array}{|l|r|r|r|r|} 
\hline&{\text { Project A }} &{\text { Project B }} &{\text { Project C }} & {\text { Project D }} \
\hline \text { Initial investment } & \$ 424,000 & \$ 212,000 & \$ 552,000 & \$ 504,000 \
\hline \text { PV of cash inflows } & \$ 588,000 & \$ 396,000 & \$ 800,000 & \$ 402,000 \
\hline \text { Payback period (years) } & 3.6 & 3.2 & 4.0 & 2.0 \
\hline\text { NPV of project }&\$ 164,000 & \$ 184,000 & \$ 248,000 & (\$ 102,000) \
\hline
\end{array}$ What is the profitability index for Project B? (Round your answer to two decimal places.)

The Following Information Is Provided by Rojas Company What Is the Profitability Index for Project B? (Round Your