10 points Considera capital expenditure project to purchase and install new equipment with an in tal cash outlay of 78.000 The project is expected to generate net after tax cash flows each year of $3.900 for ten years, and at the end of the project a one-time after-tax cash flow of 52.600 is expected. The firm has a weighted average cost of capital of 7 percent and requires a 3 year payback on projects of this type. Calculate the profitability index for the project 1.03 0.02