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 15 percent. What is the profitability index? Should you accept or reject the project based on this index value?

Group of answer choices

1.02; accept

1.02; reject

0.98; accept

0.98; reject

1.05; accept