A firm is reviewing a project that has an initial cost of $72,500. The project will produce annual cash inflows, starting with year 1, of $9,000, $11,400, $19,500, $31,100, and finally in year 5, $39,900. What is the profitability index if the discount rate is 10 percent?

Group of answer choices

1.08

0.96

0.95

1.03