A project has an initial cost of $30 million. The project is expected to generate a cash flow of $2.85 million at the end of the first year. All the subsequent cash flows will grow at a constant growth rate of 3.85% forever in future. If the appropriate discount rate of the project is 11%, what is the profitability index of the project? a. 1.917 b. 1.328 c. 1.387 d. 1.114 e. None of the above