574FinanceMedium
The present value of future cash flows is $2000 and an initial cost is $1100 then the profitability index will be ___________?
A0.55
B0.0182
C1.82
Correct answer
C. 1.82
Explanation
1.82 is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.