What is the profitability index for Project C? (Round your answer to two decimal places.)
The following information is provided by Kilmer Systems:
A) 1.48
B) 1.38
C) 1.26
D) 1.23
A) 1.48
Explanation: Profitability Index = Present value of net cash inflows / Initial investment = $814,000 / $550,000 = 1.48
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