Consider the following cash flows:

Year Cash Flow

0 $29,700

1 14,000

2 14,900

3 11,300

a. What is the profitability index for the cash flows if the relevant discount rate is 12 percent? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.)

b. What is the profitability index if the discount rate is 17 percent? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.) c.What is the profitability index if the discount rate is 24 percent? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.)