Shenandoah Springs Company is considering two investment opportunities whose cash flows are provided below: YearInvestment A Investment B0 $(15,500) $(9600) 1 5180? 5180? 2 5180? 4160? 3 5180? 3220? 4 4160? 1240? The company's hurdle rate is 10%. What is the present value index of Investment B? Use Appendix Table 1. (Do not round intermediate calculations. Round your answer to two decimal points.)
A. 1.00
B. 1.19
C. 1.06
D. None of these answers is correct.
Answer: B
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Fill in the blank(s) with correct word