A project is expected to provide cash flows of $12,900, $13,100, $16,200, and $10,700 over the next four years, respectively. At a required return of 8.1 percent, the project has a profitability index of .682. For this to be true, what is the project's cost at Time 0?

Multiple Choice

• $64,257

• Insufficient information.

• $70,954

• $80,325

• $58,905