Considera 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 18.000 for ten years, and at the end of the project a one-time after tax cash flow of $2.600 is expected. The firm has a weighted average cost of capital of 7 percent and requires a 3-year payback on projects of this type Calculate the profitability index for the project TOO 0.02 A 0.98 None of the listed choices is correct