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A project is expected to provide cash flows of $ 1 0 , 6 5 0 , $ 1 1 , 6 0 0 ,

A project is expected to provide cash flows of $10,650, $11,600, $14,700, and $9,200 over the next four years, respectively. At a required return of 9 percent, the project has a profitability index of 1.347. For this to be true, what is the project's cost at Time 0?
Multiple Choice
$27,767
$42,824
$50,381
Insufficient information.
$25,453

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