Assume there is a project where the firm will initially invest $60,000 to receive $14,000 at Year 1, $15,000 at Year 2, $16,000 at Year 3, $14,000 at Year 4, $15,500 at Year 5, and $16,500 at Year 6. If the interest/discount rate is 10.50%, what is the profitability index?

Group of answer choices

1.08

1.52

0.52

0.08