Given the discount rate and the future cash flow of each project listed below, use the PI to determine which projects the company should accept.

Cash Flow for  Project A               Project B

Year 0          -2,000,000           -2,700,000

Year 1            200,000               1,350,000

Year 2            400,000                 1,150,000

Year 3            600,000                 950,000

Year 4            800,000                750,000

Year 5             1,000,000            550,000

Discount rate 4%                         15%

What is the PI of project A?