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 4.15% forever in future. If the appropriate discount rate of the project is 11%, what is the profitability index of the project? None of the above 1.114 1.328 1.917 1.387