Shenandoah Springs Company Is Considering Two Investment Opportunities Whose Cash

Shenandoah Springs Company is considering two investment opportunities whose cash flows are provided below: The company's hurdle rate is 12%. What is the present value index of Investment B? (Do not round your intermediate calculations. Round your answer to two decimal points.) $$\begin{array} { | l | r | r | } \hline \text { Year } & \text { Investment } \mathrm { A } & \text { Investment B } \\\hline 0 & ( \$ 15,000 ) & ( \$ 9,000 ) \\\hline 1 & 5,000 & 5,000 \\\hline 2 & 5,000 & 4,000 \\\hline 3 & 5,000 & 3,000 \\\hline 4 & 4,000 & 1,000 \\\hline\end{array}$$

A) 1.01
B) 1.16
C) 0.86
D) None of these answers is correct.