find the PI

n NPV = NCF (1 + k) ti PI= 1+ NPV/initial investment 30 points A firm is trying to choose between 3 investments, all have a cost of capital of 12%. Year Project 1 Project 2 Project 3 Initial outlay $155,000 1,000,000 15,000 1 $ 50,000 450,000 0 2. 30,000 250,000 15,000 0 3 3 45,000 100,000 4 20,000 150,000 10,000 5 55,000 150,000 15,000 PI