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Assume there is a project where the firm will initially invest $205,000 to receive $64,000 at Year 1 , $57,000 at Year 2,$34,000 at Year

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Assume there is a project where the firm will initially invest $205,000 to receive $64,000 at Year 1 , $57,000 at Year 2,$34,000 at Year 3,$55,000 at Year 4,$70,500 at Year 5, and $55,000 at Year 6 . If the interest/discount rate is 11.65%, what is the profitability index? 1.22 0.13 1.13 0.22

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