An investment has expected cash flows of -$200, $100, $220, $90 and $45 at the end of years 0 through 4, respectively. The required return is 8.5%. Estimate the investment's profitability index, and is this expected to create shareholder value (yes or no)? a. No; Pl needs to exceed zero b. Yes; Pl equals 1.91 c. Yes; Pl equals 0.91 d. No; Pl equals 1.91

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter10: Capital Budgeting: Decision Criteria And Real Option
Section: Chapter Questions
Problem 8P
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An investment has expected cash flows of -$200, $100, $220, $90 and $45
at the end of years 0 through 4, respectively. The required return is 8.5%.
Estimate the investment's profitability index, and is this expected to create
shareholder value (yes or no)?
a. No; Pl needs to exceed zero
b. Yes; Pl equals 1.91
c. Yes; Pl equals 0.91
d. No; Pl equals 1.91
Transcribed Image Text:An investment has expected cash flows of -$200, $100, $220, $90 and $45 at the end of years 0 through 4, respectively. The required return is 8.5%. Estimate the investment's profitability index, and is this expected to create shareholder value (yes or no)? a. No; Pl needs to exceed zero b. Yes; Pl equals 1.91 c. Yes; Pl equals 0.91 d. No; Pl equals 1.91
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