A project has an initial cost of $50,000, expected net cash inflows of $12,000 per year for 10 years, and a cost of capital of 14%. What is the project's PI? (Hint: Begin by constructing a time line.) Do not round intermediate calculations. Round your answer to two decimal places. I Grade it Now Save & Continue Continue without saving

A project has an initial cost of $50,000, expected net cash inflows of $12,000 per year for 10 years, and a cost of capital of 14%. What is the project's PI? (Hint: Begin by constructing a time line.) Do not round intermediate calculations. Round your answer to two decimal places. Continue without saving A project has an initial cost of $50,000, expected net cash inflows of $12,000 per year for 10 years, and a cost of capital of 14%. What is the project's PI? (Hint: Begin by constructing a time line.) Do not round intermediate calculations. Round your answer to two decimal places. Continue without saving