"Corporate Finance":Profitability index

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Questions 1:

A company has a fixed $1,100 capital budget and has the opportunity to invest in the four independent projects listed in the table:

Corporate Finance:Profitability index

The combination of projects that provides the best choice is:

A 、2, 3, and 4.

B、 1, 3, and 4.

C 、1 and 2.

Questions 2:

A project has a cost of €16,253 with a net present value (NPV) of €423.11. The corresponding profitability index (PI) is most likely:

A 、1.42.

B 、0.03.

C、 1.03.

View answer resolution

【Answer to question 1】A

【analysis】

A is correct. The company should choose the combination of projects that maximizes net present value (NPV) subject to the budget constraint of $1,100.

Corporate Finance:Profitability index

B is incorrect. $1,100 investment for an NPV = $200 versus a $1,000 investment for an NPV = $200. C is incorrect. $1,100 investment for an NPV = $200 versus a $1,000 investment for an NPV = $200.

【Answer to question 2】C

【analysis】

C is correct. The PI is:

Corporate Finance:Profitability index