5.7 Calculating Profitability Index Bill plans to open a self serve grooming center in a storefront. The grooming equipment will cost $325,000, to be paid immediately. Bill expects after tax cash inflows of $67,000 annually for 7 years, after which he plans to scrap the equipment and retire to the beaches of Nevis. The first cash inflow occurs at the end of the first year. Assume the required return is 13 percent. What is the projects PI? Should it be accepted?