Question

Year 0 CF = -$20,000; Year 1 CF = $3,000; Year 2 CF = $4,000; Year...

Year 0 CF = -$20,000; Year 1 CF = $3,000; Year 2 CF = $4,000; Year 3 CF = $5,000; Year 4 CF = $6,000; Year 5 CF = $7,000.

What is the profitability index of the proposed project if the discount rate is 6%?

Group of answer choices

a. 0.03

b.1.03

c.1.63

d.2.03

Homework Answers

Answer #1

Ans b. 1.03

Year Project A (i) DF@ 6% (ii) DF@ 6% (ii) PV of Project A ( (i) * (ii) )
1 3000 1/ (1 + 6%)^1 0.943 2830.19
2 4000 1/ (1 + 6%)^2 0.890 3559.99
3 5000 1/ (1 + 6%)^3 0.840 4198.10
4 6000 1/ (1 + 6%)^4 0.792 4752.56
5 7000 1/ (1 + 6%)^5 0.747 5230.81
PV 20571.64
Total of PV of Cash Inflows 20571.64
Cash Outflows 20000
Profitability Index = 1.03
Present value of cash Inflow / Initial Investment (Cash Outflows) (20571.64/20000)
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