Corey$$s Scrap Metal projects cash flows of $$13,500,$ $$20,400,$ and $$32,900$ for Years $1$ to $3$ for a project with an initial cost of $$45,000.$ What is the profitability index given an assigned discount rate of $15$ percent?

Corey$$s Scrap Metal projects cash flows of $$13,500,$ $$20,400,$ and $$32,900$ for Years $1$ to $3$ for a project with an initial cost of $$45,000.$ What is the profitability index given an assigned discount rate of $15$ percent?

$1\mathrm{.}08$

$1\mathrm{.}14$

$0\mathrm{.}92$

$\mathrm{.}97$

$1\mathrm{.}03$