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Marigold Company is contemplating an investment in a project with a 3 -year life span. The initial investment is $44340 and annual cash inflows were

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Marigold Company is contemplating an investment in a project with a 3 -year life span. The initial investment is $44340 and annual cash inflows were $22000 for year 1; $24000 for year 2 ; and $29000 for year 3 . The salvage value is $0 and straight-line depreciation will be used. Assuming a 15% required rate of retum, what is the potential investment's profitability index? 2.25. 1.27. 2.05. 1.67

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