People's United Financial Inc has a project with initial investment requiring $115,000 and the following cash flows will be generated because of the project: $28,750;$48,000;$48,000; and $46,000 respectively at the end of each year for the next four years. If the required rate of return is 0.06 , find the Profitability Index (PI) of the project. 2.29 0.93 1.28 1.27 none of the answers is correct Which of the following statements is correct? The IRR and NPV will always agree when you are evaluating independent projects and the projects' cash flows are conventional. All the answers are correct. Accepting a negative-NPV project increases shareholder wealth. When evaluating two projects that require different outlays, the IRR always recognize the difference in the size of the investments. If a capital project has a negative Payback Period, the value of the cash flows the project is expected to generate exceeds the project's cost