Question: Problem 8-23 Profitability Index (LO3) Consider the following projects: a. Calculate the profitability index for A and B assuming a 23% opportunity cost of capital.

Problem 8-23 Profitability Index (LO3) Consider the following projects: a. Calculate

Problem 8-23 Profitability Index (LO3) Consider the following projects: a. Calculate the profitability index for A and B assuming a 23% opportunity cost of capital. Note: Do not round intermediate calculations. Round your answers to 4 decimal places. b. According to the profitability index rule, which project(s) should you accept? Project A Project B Both Neither

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