Consider a capital expenditure project to purchase and install new equipment with an initial cash outlay of $21,000. The project is expected to generate nether cash flows each year of 53.00 foreiptyear and at the end of the project, a one time after-tax cash flow of 51.500 is expected. The firm has a weighted average cost of capital of 10 percent and requires a year payback on projects of this type. Gute the Profitability Index for the project. 1 points 1.02 0.02 0.01 None of the listed choices is correct