LITHIUM, INC. IS CONSIDERING TWO MUTUALLY EXCLUSIVE PROJECTS, A AND B. PROJECT A COST $95,000 AND IS EXPECTED TO GENERATE $65,000 IN YEAR ONE AND $75,000 IN YEAR TWO. PROJECT B COST $120,000 AND IS EXPECTED TO GENERATE $64,000 IN YEAR ONE, $67,000 IN YEAR TWO, $56,000 IN YEAR THREE, AND $45,000 IN YEAR FOUR. LITHIUM, INC.'S REQUIRED RATE OF RETURN FOR THESE PROJECTS IS 10%. THE PROFITABILITY INDEX FOR PROJECT A IS? A. 1.27 B. 1.22 C. 1.17 D. 1.12