A project is expected to provide cash flows of $9,300, $10,700, $13,800, and $8,300 over the next four years, respectively. At a required return of 8.1 percent, the project has a profitability index of .784. For this to be true, what is the project's cost at Time 0?

Multiple Choice

• $55,403

• $40,629

• Insufficient information.

• $48,939

• $44,323