A project requires an investment of $1,400 and has a net present value of $400. If the internal rate of return is 12%, what is the profitability index for the project? Note: Round your answer to 2 decimal places. Multiple Choice 1.29 0.49 0.12 2.52

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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A project requires an investment of $1,400 and has a net present value of $400. If the internal rate of return is 12%,
what is the profitability index for the project? Note: Round your answer to 2 decimal places. Multiple Choice
1.29 0.49 0.12 2.52
Transcribed Image Text:A project requires an investment of $1,400 and has a net present value of $400. If the internal rate of return is 12%, what is the profitability index for the project? Note: Round your answer to 2 decimal places. Multiple Choice 1.29 0.49 0.12 2.52
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