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A project is projected to cost $175,000 to undertake. It will generate positive cash inflows as follows: Year 1 - $48,000; Year 2 76,000; Year

A project is projected to cost $175,000 to undertake. It will generate positive cash inflows as follows: Year 1 - $48,000; Year 2 76,000; Year 3 - $49,000; Year 4 44,000. What is the projects Profitability Index if the required return is 8%? Answer Based on your answers, what is the appropriate course of action to follow

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