Question: Please follow rounding instructions (in red), or it will be wrong, thanks! Question 6 1 pts Consider the following two independent investment opportunities that are

Please follow rounding instructions (in red), or it will be wrong, thanks!

Please follow rounding instructions (in red), or it will be wrong, thanks!

Question 6 1 pts Consider the following two independent investment opportunities that are available to Lion, Inc. The appropriate discount rate is 9.4%. Year Project X Project Y 0 $-1220 $-2103 561 950 2 925 2154 805 1329 3 What is the Profitability Index of project Y? (Round answer to 2 decimal places. Do not round intermediate calculations)

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