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A 15-year project has a cost of $1,000,000 and has annual cash flows of $250,000 in years 1-10, and $100,000 in years 11-15. The company's

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A 15-year project has a cost of $1,000,000 and has annual cash flows of $250,000 in years 1-10, and $100,000 in years 11-15. The company's required rate is 12%. Given this information, calculate the profitability index of the project. 0.48 0.36 0.53 0.75

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