1. A project requires an initial outlay of $200,000 and will generate the following cash flows over the next 6 years:

   Year	Cash Flow
   1	20,000
   2	85,000
   3	50,000
   4	50,000
   5	90,000
   6	30,000

   The required return for this project is 12%. Find the profitability index.

   		1.0963
   		.0963
   		1.082
   		.082