Consider the following cash flows: Year 0 = ($42,000) Year 1 = $16,000 Year 2 = $18,000 Year 3 = $22,000 negative number 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.

Consider the following cash flows: 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