Question: Please follow rounding instructions (in red), or it will be wrong, thanks! Question 5 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 5 1 pts Consider the following two independent investment opportunities that are available to Lion, Inc. The appropriate discount rate is 9.9%. Year Project X Project Y 0 $-1247 $-2192 594 975 2 985 2175 842 1358 What is the Profitability Index of project X? (Round answer to 2 decimal places. Do not round intermediate calculations)

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