A project is projected to cost $2,000,000 to undertake. It will generate positive cash inflows as follows: Year 1 - $400,000; Year 2 500,000; Year 3 - $650,000; Year 4 750,000; Year 5 800,000. What is the projects Profitability Index?

Select one:

a. 1.22

b. 1.20

c. 1.16

d. 1.14

e. 1.12