Problem 10-4 Profitability Index A project has an initial cost of $51,100, expected net cash inflows of $14,000 per year for 10 years, and a cost of capital of 12%. What is the arefore. pro Do not round vour intermediate calculations. Round vour answer to two decimal places.

Problem 10-4 Profitability Index A project has an initial cost of $51,100, expected net cash inflows of $14,000 per year for 10 years, and a cost of capital of 12%. What is the project's PI? Do not round your intermediate calculations. Round your answer to two decimal places