A project for Bellevue Co. is expected to provide cash flows of $14,600, $13,000, $11,700, and $12,000 over the next four years, respectively. At a required return of 9.2%, the project has a profitability index of 1.43. For this to be true, what is the project's initial cost at Time 0? Answer the question according to the following example. If the initial cost is 3,280.776, round it to two decimals: 3,280.78. Precision will be enforced to earn points.

A project for Bellevue Co. is expected to provide cash flows of $14,600,$13,000, $11,700, and $12,000 aver the next four years, respectively. At a required return of 9.2%, the project has a profitability index of 1.43 . For this to be true, what is the project's initial cost at Time 0 ? Answer the question according to the following example. If the initial cost is 3,280.776, round it to two decimals: 3,280.78. Precision will be enforced to earn points