JVP corporation is considering investing in a project with the cash flows shown below. Compute the PI for the project and recommend whether the firm should accept or reject it$.$ The required cost of capital is $10$ percent.

$\backslash$table$[[$Time$,0,1,2,3],[$Cash Flow,$-400,110,121,260]]$

$0\mathrm{.}89,$ Reject

$0\mathrm{.}99,$ Reject

$1\mathrm{.}32,$ Accept

$1\mathrm{.}21,$ Accept