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A company is considering a project with the following cash flows: Initial cash outflow: $59,000 Annual cash flows, years 1-5: $36,000 per year Salvage
A company is considering a project with the following cash flows: Initial cash outflow: $59,000 Annual cash flows, years 1-5: $36,000 per year Salvage value, year 5: $17,000 The company's discount rate is 11%. What is the profitability index for this project? (Use the present value tables in your course packet for any present value calculations. Round your final answer to two decimal places.)
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