The following is given. Invested year 0 = $ 21500. Cash flow in year 1 = $ 7400, year 2 = $ 9800, year 3 = $ 8900. What is the profitability index of the project if the yield is 9% ?

 Choose one answer 

a) 1.04

b) 1.02 

c) 0.98 

d) 0.96