The following details are provided by Dopler Company:

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January 2nd, 2018

The following details are provided by Dopler Company:Project AProject BProject CProject DInitial investment$420,000$200,000$550,000$500,000PV of cash inflows$570,000$380,000$800,000$390,000Payback period (years)3.63.24.02.0NPV of project$150,000$180,000$250,000($110,000)What is the profitability index for Project B?1.981.381.261.90

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