Jestion 25 of 25 View Policies Current Attempt in Progress -/1 E Kingbird, Inc. is considering purchasing equipment costing $78000 with a 6-year useful life. The equipment will provide annual cost savings of $21000 and will be depreciated straight-line over its useful life with no salvage value. Kingbird requires a 10% rate of return. Present Value of an Annuity of 1 Period 8% 9% 10% 11% 12% 15% 6 4.623 4.486 4.355 4.231 4.111 3.784 What is the approximate profitability index associated with this equipment? 00.73 1.17 01.31 1.14