1. If a project has a negative NPV, then ____. a. the payback period is greater than the length of the project b. the PI is less than one c. the present value payback period is less than the length of the project d. the payback period is less than the length of the project

2. Market Value Ratios Lab R Doors' year-end price on its common stock is $55. The firm has a profit margin of 11.5%, total assets of $30 million, a total asset turnover ratio of 2.00, no preferred stock, and there are 4.0 million shares of common stock outstanding. What is the PE ratio for Lab R Doors? (Do not round intermediate steps.)

A) 31.884

B) 14.493

C) 0.273

D) 0.546