A proposed project has an initial cost of $$200,000$ and cash flows of $$$$13,200,$ $$124,500,$ and $$187,900$ for Years $1$ to $3,$ respectively. Victoria, the boss, insists that only projects that can return at least $$1\mathrm{.}10$ in today's dollars for every $$1$ invested can be accepted. She also insists on applying a discount rate of $14$ percent to all cash flows. Based on these criteria, the project should be: accepted because the profitability index is $1\mathrm{.}17.$

rejected because the profitability index is $\mathrm{.}95.$

rejected because the profitability index exceeds $1.$

accepted because the profitability index is $\mathrm{.}89.$

rejected because the profitability index is $1\mathrm{.}06.$