A project's profitability index is equal to the ratio of the of a project's future cash flows to the project's .

>>>>>>>>> present value; initial cash outlay

My answer is option (A) present value; initial cash outlay

Present Value divided by initial cash outlay

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present value; initial cash outlay........ . . .. . 

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Thanks to experts 

Well answers 

Correct Ans is:

Present value; initial cash outlay

Thank you Emaad.

option2) is answer????????????????????