The Following Details Are Provided by Dopler Company Which Project Has the Highest Profitability Index?
A) Project a \text

Multiple Choice

The following details are provided by Dopler Company:
$\begin{array}{|c|c|c|c|c|}\hline & \text { Project A } & \text { Project B } & \text { Project C } & \text { Project D } \\\hline \text { Initial investment } & \$ 426,000 & \$ 210,000 & \$ 568,000 & \$ 510,000 \\\hline \text { PV of cash inflows } & \$ 572,000 & \$ 388,000 & \$ 802,000 & \$ 404,000 \\\hline \text { Payback period (years) } & 3,6 & 3.2 & 4.0 & 2.0 \\\hline \text { NPV of project } & \$ 146,000 & \$ 178,000 & \$ 234,000 & 106,000 \\\hline\end{array}$
Which project has the highest profitability index?

A) Project A
B) Project B
C) Project C
D) Project D