Bill plans to open a self-serve grooming center in a storefront. The grooming equipment will cost $440,000. He expects aftertax cash inflows of $95,000 annually for five years, after which he plans to scrap the equipment and retire to the beaches of Nevis. The first cash inflow occurs at the end of the first year. Assume the required return is 10 percent.

What is the projects PI?

Note: Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.

Should the project be accepted?

A. PI

B. Accept?