Based on the profitability index rule, should a project with the following cash flows be accepted if the discount rate is 14% compounded annually? Why or why not?

Year	Cash Flows
0	-$32,100
1	11,800
2	0
3	22,600

Yes, the profitability index is 0.96.

Yes, the profitability index is 0.80.

Yes, the profitability index is 1.08.

No, the profitability index is 0.96.

No, the profitability index is 0.80.