Oceanic Airlines is considering installing new entertainment consoles into their air liners. Their initial proposal has a cost of $$290,000$ and will brindincreased operating cash $$160,000$ for three years. The company's opportunity cost of capital is $19\%.$ The firm also has a limited investment budget and is considering an alternative project with a $p$ ndex of $$0\mathrm{.}18$ What is the profitability index of the initial proposal and which one should the firm choose?

$$0\mathrm{.}24,$ choose the alternative project

$$0\mathrm{.}24,$ choose the initial project

$$0\mathrm{.}21,$ choose the alternative project

$$0\mathrm{.}21,$ choose the initial project

$$0\mathrm{.}18,$ choose the initial project