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Assume there is a project where the firm will initially invest $195,000 to receive $54,000 at Year 1 , $55,000 at Year 2,$34,000 at Year

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Assume there is a project where the firm will initially invest $195,000 to receive $54,000 at Year 1 , $55,000 at Year 2,$34,000 at Year 3,$55,000 at Year 4,$49,500 at Year 5, and $90,500 at Year 6 . If the interest/discount rate is 10.32%, what is the profitability index? 1.11 1.22 0.98 1.04

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