10 Consider a capital expenditure project to purchase and install new equipment with an initial cash outlay of $35.000. The project is expected to generate net after-tak cas year of $2800 for ten years, and at the end of the project a one-time after-tax cash flow of $15.000 is expected. The firm has a weighted average cost of capital of 10 per requires a 7-year payback on projects of this type. Calculate the profitability Index for the project. 12.50 years 7.00 years 5.36 years 2.33 years . None of the listed choices is correct