Present Value of an Annuity of 1
Periods	8%	9%	10%
1	0.926	0.917	0.909
2	1.783	1.759	1.736
3	2.577	2.531	2.487

A company has a minimum required rate of return of 10%. It is considering investing in a project that costs $70000 and is expected to generate cash inflows of $20000 at the end of each year for three years. The profitability index for this project is