please answer asap by tonight...will upvote

Liberty Bicycles is considering the purchase of a new piece of production machinery. The machinery requires an initial investment of $50,000 and is expected to produce net annual cash flows of $15,000 for the next five years, at which point it will have no salvage value. Assuming that the discount rate is 8%, what is the project's profitability index? Round your answer to the nearest hundredth. Present value of an Year PV of 1 at 8% Annuity of 1 at 8% 5 0.6806 3.9927 1.35 O 1.50 O 1.20 O 1.10