A project with an initial cost of $55,200 is expected to provide annual cash flows of $12,100 over the 8-year life of the project. If the required return is 8.7 percent, what is the project's profitability index? Multiple Choice 1.227 1.022 815 1.380

A project with an inilial cost of $55,200 is expected to provide annual cash flows of $12,100 over the 8 year life of the project if the required return is 87 percent what is the projects profitability index? Multogle Cholce 1227 1002 815 1380