Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Hello, Could you help me double check my work. I attached the image.
Transcribed Image Text:The Michner Corporation is trying to choose between the following two mutually
exclusive design projects:
Year Cash Flow (1) Cash Flow (II)
-$
-$
0
1
2
3
Project I
Project II
68,000
31,000
31,000
31,000
a-1.If the required return is 12 percent, what is the profitability index for both projects?
(Do not round intermediate calculations and round your answers to 3 decimal
places, e.g., 32.161.)
Project I
Project II
17,600
9,500
9,500
9,500
a- If the company applies the profitability index decision rule, which project should the
2. firm accept?
Project I
Project II
1.278
1.293
b- What is the NPV for both projects? (A negative answer should be indicated by a
minus sign. Do not round intermediate calculations and round your answers to 2
decimal places, e.g., 32.16.)
1.
$
$
17,260.43
5,337.95
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