Apex Systems invests $3,000 in a project. The project has a net present value (NPV) of $510. What is the profitability index? a. 1.17 b. 0.92 c. 2.10 d. 1.05

Intermediate Financial Management (MindTap Course List)
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ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter12: Capital Budgeting: Decision Criteria
Section: Chapter Questions
Problem 13P
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I need assistance with this financial accounting question using appropriate principles.

Apex Systems invests $3,000 in a project. The project has
a net present value (NPV) of $510. What is the profitability
index?
a. 1.17
b. 0.92
c. 2.10
d. 1.05
Transcribed Image Text:Apex Systems invests $3,000 in a project. The project has a net present value (NPV) of $510. What is the profitability index? a. 1.17 b. 0.92 c. 2.10 d. 1.05
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