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A firm is considering an investment project with the following cash flows: Year 0 = -$110,000 (initial costs); Year 1= $50,000; Year 2 =$80,000; and

A firm is considering an investment project with the following cash flows: Year 0 = -$110,000 (initial costs); Year 1= $50,000; Year 2 =$80,000; and Year 3 = $30,000. The company has an 11% cost of capital. What is the projects profitability index (PI)? Group of answer choices 1.20 1.33 1.12 1.58

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