Question: 1.67/5 View Policies Show Attempt History Current Attempt in Progress George Robinson is evaluating two new business opportunities. Each of the opportunities shown below has

Robinson is evaluating two new business opportunities. Each of the opportunities shown

1.67/5 View Policies Show Attempt History Current Attempt in Progress George Robinson is evaluating two new business opportunities. Each of the opportunities shown below has a 15-year life. Georpe uses a 12% discount rate Option 2 Option 1 $71,500 $82,870 $27,400 $29,570 Equipment purchase and installation Annual cash flow Equipment overhaul in year 6 Equipment overhaul in year 8 $4.990 $6,070 Click here to view the factor table Attempts: 2 of 3 used (b) Your answer is incorrect. Calculate the profitability index of the two opportunities. (Round answers to 2 decimal places, es 15.25) Option 1 Option 2 Profitability Index e Textbook and Media Attempts: 1 of 3 used Submit Answer Save for Later Last saved 7 seconds ago Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes

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