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Boeing Corporation may develop a new, more fuel efficient component for its latest aircraft. Over the next four years, respectively, Boeing expects this new component

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Boeing Corporation may develop a new, more fuel efficient component for its latest aircraft. Over the next four years, respectively, Boeing expects this new component will provide free cash flows of $9,300, S10,700, $13,800, and 58,300. If Boeing's required return is 8.1 percent for this new component the project has a profitability index of 1.275. For this to be true, what is the project's cost at Time O? Multiple Choice $27.265 O $24,998 Insufficient information $37674 $44 322

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