Consider the following cash flows:

1. Calculate the profitability index with a discount rate of 12%

2. Calculate Net Present Value

3. Calculate payback period

Year 0=($42,000) negative number Year 1=$16,000 Year 2=$18,000 Year 3=$22,000 1. Calculate the profitability index assuming a discount rate of 12%. 2. Calculate the NPV. 3. Calculate the payback period. Round your answers to two decimal points