Blue Moose Home Builders is considering investing $2,750,000 in a project that is expected to generate the following net cash flows: Year Cash Flow Year 1 Year 2 $375,000 $450,000 $475,000 Year 3 Year 4 $450,000 Blue Moose Home Builders uses a WACC of 8% when evaluating proposed capital budgeting projects. Based on these cash flows, determine this project's PI (rounded to four decimal places): 0.5239 0.6287 @ 0.5501 0.5763 Blue Moose Home Builders's decision to accept or reject this project is independent of its decisions on other projects. Based on the project's Pl, the firm should accept the project. By comparison, the NPV of this project is in the project because the project On the basis of this evaluation criterion, Blue Moose Home Builders should increase the firm's value. when it has a Pl of 1.0, it will have an NPV A project with a negative NPV will have a PI that is