Need help with b-1

Retur Problem 8-25 Profitability Index versus NPV (LO3) Consider projects A and B with the following cash flows: C@ C1 62 C3 - $31 +520 +$20 +$20 B 56 + 31 + 31 + 31 A a-1. What is the NPV of each project if the discount rate is 15%? (Do not round intermediate calculations. Round your answers to 2 decimal places.) a-2. Which project has the higher NPV? b-1. What is the profitability index of each project? (Do not round intermediate calculations. Round your answers to 2 decimal places.) b-2. Which project has the higher profitability index? c. Which project is most attractive to a firm that can raise an unlimited amount of funds to pay for its investment projects? d. Which project is most attractive to a firm that is limited in the funds it can raise? Answer is complete but not entirely correct. Project A $ 14.66 Project B $ 14.78 a- NPV of each project of the discount rate is 15% a- Which project has the higher NPV? Profitability index of each project Project B 1.47 s 1.26 $ b- NT-IN Project A b- Both Which project has the higher profitability index? Which project is most attractive to a firm that can raise an unlimited amount of funds to pay for its Investment projects? Which project is most attractive to a firm that is limited in the funds it can raise? $ >> Project A d