Question: Question 22 3 pts Three project managers approach you about investment opportunities that they believe are value-enhancing for the firm. The cash flows for each

 Question 22 3 pts Three project managers approach you about investment

Question 22 3 pts Three project managers approach you about investment opportunities that they believe are value-enhancing for the firm. The cash flows for each project are listed below. Assume that each project is equally risky, therefore they all have a discount rate of 5.00% per annum. Time 0 1 2 A -$1000 Project B -$500 $900 $100 $100 $30 $800 $30 $600 $400 3 $100 $30 $30 4 ... $30 Calculate the profitability index (PI) for project "B". Report your answer rounded to two decimal places. If it is impossible to compute the answer, report 0.00 as your response. n Question 23 2 pts Which project has the highest profitability index (PI)? O Project A O Project C O Project B

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