(Ignore Income Taxes in This Problem

Multiple Choice

(Ignore income taxes in this problem. ) The management of Dewitz Corporation is considering a project that would require an initial investment of $65,000.No other cash outflows would be required.The present value of the cash inflows would be $72,800.The profitability index of the project is closest to:

A) 0.12
B) 1.12
C) 0.88
D) 0.11