Question: Problem 8-23 Profitability Index (LO3) Consider the following projects: Project A -$2,700 C1 +$2,600 B - 2,700 + 2,040 C2 +$1,800 + 1,848 a.

Problem 8-23 Profitability Index (LO3) Consider the following projects: Project A -$2,700

Problem 8-23 Profitability Index (LO3) Consider the following projects: Project A -$2,700 C1 +$2,600 B - 2,700 + 2,040 C2 +$1,800 + 1,848 a. Calculate the profitability index for A and B assuming a 23% opportunity cost of capital. (Do not round intermediate calculations. Round your answers to 4 decimal places.) Project Profitability index A B b. According to the profitability index rule, which project(s) should you accept? Project A Project B O Both Neither

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