A project has cash flows of $-$$$152,000,$$$60,800,$$$62,300$ and $$75,000$ for Years $0$ to $3,$ respectively. The required rate of return is $13$ percent. What is the profitability index? Should you accept or reject the project based on this index value?

Multiple Choice

$1\mathrm{.}07$; accept

$93$; accept

$1\mathrm{.}07$ reject

$93$; reject

$1\mathrm{.}02$; accept