Question: I want the answer to question 4. THE ANSWER SHOULD BE 0.12 BUT how can I solve it without using excel or tables. I want

I want the answer to question 4.
THE ANSWER SHOULD BE 0.12 BUT how can I solve it without using excel or tables. I want Step by Step Solution
Consider the following two projects for the next two questions: Project A B Year 0 Year 1 Year 2 Year 3 Year 4 Cash Flow Cash Flow Cash Flow Cash Flow Cash Flow -100 40 50 60 N/A -73 30 30 30 30 Discount Rate .15 .15 3. The incremental IRR of Project A over Project B is closest to: a. 1.7% b. 10.4% c. 12.6% d. 21.6% e. 23.3% 4. The profitability index for Project A is closest to: a. 0.12 b. 0.15 c. 1.20 d. 12.00 e. 50.00
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