A profitability index $($PI$)$ of $\mathrm{.}92$ for a project means that

Select one:

The project's NPV is greater than $1$

The project's costs $($cash outlay$)$ are $($is$)$ less than the present value of the project's benefits

The project's NPV is greater than zero

The project returns $0\mathrm{.}92$ in present value for each current $1\mathrm{.}00$ invested