Problem Set 2 Back to Assignment Attempts I I Keep the Highest.\" 'i 8. Problem 10704 (Profitability Index) L] Profitability Index A project has an initial cost oi' 540,000, expected net cash inows oi' 513,000 per year for 10 years, and a cost of capital of 12%. What is the project's PI? (Hint: Begin by constructing a time line.) Do not round intermediate calcuiations. Round your answer to two decimai places. Now Save 3. Continue Continue without saving