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A firm is reviewing a project that has the following expected cash flows: Year Cash Flows 0 ($64,000) 1 $9.000 2 $16,400 3 $18,600 4

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A firm is reviewing a project that has the following expected cash flows: Year Cash Flows 0 ($64,000) 1 $9.000 2 $16,400 3 $18,600 4 $24,100 5 $37.900 What is the profitability index of the project if the discount rate is 12 percent? Multiple Choice 1.148 1.112 1130 Multiple Choice 1.148 1.112 1.130 1.095 1.078

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