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Year Cash Flow 0 –$ 18,600 1 10,900 2 9,800 3 6,300 What is the profitability in

ID: 2716480 • Letter: Y

Question

Year Cash Flow
0 –$ 18,600
1 10,900
2 9,800
3 6,300

  

What is the profitability index for the set of cash flows if the relevant discount rate is 10 percent? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.)

  

  Profitability index   

  

What is the profitability index for the set of cash flows if the relevant discount rate is 15 percent? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.)

  

  Profitability index   

  

What is the profitability index for the set of cash flows if the relevant discount rate is 22 percent? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.)

  

  Profitability index   

Explanation / Answer

3469.47

Profitability index =Present value /Initial investment

year Present value @10% 15% 225 cash flow Present value @10% present value of cash flow present value at 15% present value of cash flow present value at 22% present value of cash flow 1 10900 .90909 9909.08 .86957 9478.31 .81967 8934.40 2 9800 .82645 8099.21 .75614 7410.17 .67186 6584.23 3 6300 .75131 4733.25 .65752 4142.38 .55071

3469.47

Present value 22741.54 21030.86 18988.10 Initial investment 18600 18600 18600 PI 1.22 1.13 1.02