(PI calculation) Calculate the PI given the following cash flows, listed below, if the appropriate required rate of return is 10 percent. Should the project be accepted? Without calculating the NPV, do you think it would be positive or negative? Why? What is the project's PI?

YEAR CASH FLOWS

0 -55,000

1 10,000

2 10,000

3 10,000

4 10,000

5 10,000

6 10,000