Consider a capital expenditure project to purchase and install new equipment with an initial cash outlay of $25.000. The project is expected to generate net after-tax cash flows each year of 2800 for ten years, and at the end of the project a one-time after-tax cash flow of 515.000 is expected. The firm has a weighted average cost of capital of 10 percent and requires a 10 year payback on projects of this type Calculate the profitability Index for the project. 3 years 10.50 years 10.71 years one of the sted choices correct