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0.5 pts Question 22 Berra, Inc. is currently considering an eight-year project that has an initial outlay or cost of $120,000. The future cash inflows

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0.5 pts Question 22 Berra, Inc. is currently considering an eight-year project that has an initial outlay or cost of $120,000. The future cash inflows from its project for years 1 through 8 are the same at $30,000. Berra has a discount rate of 11 %. Because of capital rationing (shortage of funds for financing), Berra wants to compute the profitability index (PI) for each project. What is the PI for Berra's current project? about 1.31 about 1.33 about 1.29 about 1.39

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