What is the profitability index for Project B? (Round your answer to two decimal places.)
The following information is provided by Rojas Company:
A) 1.92
B) 1.36
C) 1.25
D) 1.87
D) 1.87
Explanation: Profitability Index = Present value of net cash inflows / Initial investment = $396,000 / $212,000 = 1.87
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