Alrbus is developing a new air filter that will have an initial cost of $56,000. Airbus expects this new si filter wil provide annual cash flows of 554,300 over the 5-year life of the project. 1 Airbus' required return for this new air filter is 8.9 percent, what is the profitability index for this new air ter? Multiple Choice 1149 1053 O 957 O 1293 870