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BlackRock Inc has a project with initial investment requiring $-55,000 and the following cash flows will be generated because of the project: $13,750; $45,000; $69,000;

BlackRock Inc has a project with initial investment requiring $-55,000 and the following cash flows will be generated because of the project: $13,750; $45,000; $69,000; and $53,000 respectively at the end of each year for the next four years. If the required rate of return is 0.1, find the Profitability Index (PI) of the project.

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