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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

image text in transcribed 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

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