26A project has cash flows of -$152,000, $60,800, $62,300 and $75,000 for years 0 to 3, respectively. The required rate of return is 13 percent. What is the profitability index? Should you accept or reject the project based on this index value? please show all work

.93; accept

1.07; accept

1.02; accept

.93; reject

1.07 reject