A project with an initial cost of $4000 is expected to provide annual cash flows of $800 over the 3-year life of the project. If the required return is 9.0 percent, what is the project's profitability index? Round to two places past the decimal point. Your Answer: Answer 4 Question 10 (1 point)

A project with an initial cost of $4000 is expected to provide annual cash flows of $800 over the 3 -year life of the project. If the required return is 9.0 percent, what is the project's profitability index? Round to two places past the decimal point