A project has an initial investment of $144,325. Its four annual cash inflows are estimated to be $48,100 in year 1, $76,900 in years 2 and 3, and $48,100 in year 4. If the rate of return is 9.75%, calculate the project's profitability index.

Question 18 options:

	1.38
	1.41
	1.45
	1.48
	1.52