.Beltway Co. is considering purchasing equipment that has an initial investment of $41,000. The company's required rate of return is 12%. Annual cost savings are projected to be $20,000 for year 1, $16,000 for year 2, and $12,000 for year 3. What is the investment's profitability index? 1 2 3 0.96 1.96 1.92 1.90 Present Value PV of an Annuity of 1 at 12% Year of 1 at 12% .893. .893 .797 1.690 .712 2.402