consider a capital expenditure project to purchase and install new equipment within initial cash outlay of $33,000. The project is expected to generate net after tax cash flow's each year of $4800 for seven years and at the end of the project a one time after tax cash flow of $6500 is expected the firm has a weighted average cost of capital of 5% and requires a three-year payback on projects of this type calculate the profitability index for the project

a. 0.84

b.0.98 0

c..15

d. -0.02