A project has an initial cost of $61,725, expected net cash inflows of $9,000 per year for 9 years, and a cost of capital of 13%. 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.

9. 10. eBook 11. 12. Profitability Index A project has an initial cost of $61,725, expected net cash inflows of $9,000 per year for years, and a cost of capital of 13%. 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. 13. 14. 15